Developing Transport Infrastructure to Woo More Investors

3:00:35 PM | 5/27/2024

With a more open business environment, Phu Yen province is catching the fancy of big investors. To have better progress, the province has successfully implemented many solutions to mobilize and effectively use investment resources for transport infrastructure development.

Strengthening connection infrastructure capacity

Phu Yen has all five types of transportation, namely road, railway, inland waterway, sea and air, with a fairly reasonable network. Located in the center of Khanh Hoa - Gia Lai - Binh Dinh Development Triangle, the gateway to the sea in the Central Highlands and Cambodia - Laos - Vietnam Development Triangle; and the southern economic corridor of the Mekong Subregion countries, Phu Yen is endowed with numerous advantages to expand trade and develop connectivity.

Phu Yen province has focused investment resources for transport infrastructure development. Many projects have been put into use, like Deo Ca Tunnel and Cu Mong Pass Tunnel. Currently, the province is investing in constructing synchronous and modern Eastern North - South expressway routes and coastal roads to provinces in the region and in the whole country. Phu Yen connects its transportation system with coastal economic zones, industrial parks, high-tech parks, airports and seaports; gradually unlocks all advantages of each type of transportation. Phu Yen and Dak Lak provinces have also asked the Ministry of Transport to update and add Buon Me Thuot - Tuy Hoa Railway to the railway network development planning in the 2021 - 2030 period, with a vision to 2050 and soon start investment in Phu Yen - Dak Lak Expressway, upgrade and expand National Highway 29 to have the earliest groundwork for investment to be made.

The province will focus on developing the logistics service system linked with Tuy Hoa Airport, Vung Ro Port, Bai Goc Port and Dong Hoa ICD depot. It will invest in completing a section on Eastern North-South Expressway and completing provincial and district roads and rural traffic systems to create smooth connectivity. Furthermore, Phu Yen will call for investors to invest in Southern Phu Yen Economic Zone where the province will open up opportunities to make development breakthroughs and become a marine economic center in the Central Coast.

Realizing great aspirations

Phu Yen Provincial Planning for the 2021 - 2030 period, with a vision to 2050, approved by the Prime Minister (Decision 1746/QD-TTg dated December 30, 2023) states that transport infrastructure investment is one of the province's key, disruptive tasks in the coming time.

Accordingly, Phu Yen will mobilize, effectively use and economize all resources, especially land, to create a breakthrough construction of synchronous, modern socioeconomic infrastructure systems, with focus on prioritizing transport infrastructure development with coastal roads and main traffic axes linked to major trade centers and hubs of the region and the whole country, traffic hubs linked to North - South Highway and seaports, and national highways that directly connect Phu Yen with the region to form regional development cooperation.

The investment in building, upgrading and expanding national transport infrastructure will produce a great impact on the overall transport capacity of the local traffic infrastructure system as follows:

Roads: Mobilizing and allocating centralized investment capital for dynamic, influential projects like Eastern North-South Expressway; coastal roads under construction; carrying out such projects as Phu Yen - Dak Lak Expressway, expanded National Highway 25, National Highway 29 and National Highway 19C according to approved plans; reforming and upgrading provincial roads (Provincial Road 644, Provincial Road 647, Provincial Road 648 and Provincial Road 645B).

Railways: Upgrading and expanding passenger terminals of North - South Railway; building frontage roads along the railway, planning to construct 20km of frontage roads in 2021 - 2025; completing the development planning for the high-speed railway on the North - South axis, Tuy Hoa - Central Highlands Railway and urban railways.

Airfields: Investing in upgrading and expanding Tuy Hoa Airport; increasing the flight frequency, opening new flight routes to domestic and international destinations; turning Tuy Hoa Airport into an international airport (Level 4E) to match future development; attracting the private investment fund to develop Tuy Hoa Airport according to the given roadmap and regulations.

Inland waterways: Investing in inland ports and wharves; attract investors to invest in ocean marinas in Tuy Hoa City, Vung Lam Port, Xuan Dai Bay (Song Cau Town), Vung Ro Bay (Dong Hoa Town); developing coastal maritime routes to develop waterway tourism and freight transportation; opening estuaries for ships and boats.

Seaports: Mobilizing investment resources to upgrade and effectively operate general Vung Ro Port; attracting more investors into Bai Goc deep-water port and logistics infrastructure.

Thanh Loan (Vietnam Business Forum)