Friday, June 23 2017

VietNamNews

Ministry urged to raise capital for North-South Expressway

Update: May, 19/2017 - 15:23
Vehicles run in Pháp Vân - Cầu Giẽ Expressway.— Photo vietnamplus.vn
Viet Nam News

HÀ NỘI — Deputy Prime Minister Trịnh Đình Dũng has ordered the Ministry of Transport and concerned agencies to raise domestic capital for the construction of the North-South Expressway.

The agencies were told to attract more capital from investors under the public-private-partnership model, Dũng said.

As per plan, the North-South Expressway, which is being built to meet the increasing demand of commuters, will be a high-speed road that stretches from Hà Nội to HCM City, running through 20 localities and connecting various socio-economic centres.

The 1,372-km expressway is expected to reduce the burden on National Highway No. 1 once it opens to the public by 2028 as schedule.

Initial estimates put the cost of constructing the expressway at around VNĐ300 trillion (US$13.2 billion). — VNS

 

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