Work to start on North-South Expressway

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Báo điện tử CP English - 5 month(s) ago 4 readings

VGP – The Government Office has announced Deputy Prime Minister Trinh Dinh Dung’s conclusions at a recent meeting discussing investment preparations for the North-South Expressway project.

The announcement made it clear that this is a national crucial project, requiring investment plans to be submitted to the government and the PM before going to the National Assembly for approval.

The major goals and requirements of the project are to establish a north-south expressway route meeting a large transport capacity, high speed and safety; connect socio-economic centers from Ha Noi, through 20 cities and provinces and to Ho Chi Minh City; connect economic zones, industrial zones and seaports aiming to boost socio-economic development in the areas directly served by the expressway in particular and of the country as a whole; reduce overload and make more effective use of the National Highway 1; and match with the country’s resources and infrastructure development planning orientations, including transport infrastructure.

Concerning investment measures, Deputy PM Dung assigned the Transport Ministry to direct the finalization of the two plans (VND63 trillion and VND70 trillion in State support) and report them to the PM for decision before submitting to the NA. The State-funded capital will be mainly spent on land clearance, with a small part for investment, while the remainder (about 70% of total investment) will be mobilized from non-State sources.

In order to ensure the project implementation progress, the deputy PM asked the Ministry of Planning and Investment to promptly submit to the PM an establishment for a State appraisal council to evaluate the project as stipulated. The council will be headed by the Minister of Planning and Investment with its members being leaders of ministries and sectors and experienced economic and technical experts.

The Ministry of Transport is responsible for directing the proactive formation of component projects so that the construction will be implemented immediately after the NA approves the investment plan for the entire route.

The Transport Ministry was also asked to work with the Ministry of Planning and Investment, the Finance Ministry and the State Bank of Viet Nam to finalize special mechanisms, including the mechanism to mobilize non-State investment funding, and submit them to the government and the NA for approval.

By Vien Nhu

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