Vietnam to Build 3,000km of Expressways by 2025

10:43:51 AM | 9/5/2006

Vietnam’s transport sector has set an ambitious goal to build 3,000 km of expressway between now and 2025, newly-elected Transport Minister Ho Nghia Dung announced at a recent workshop in Hanoi.

In order to achieve this target, the Transport Ministry has recently named the Vietnam Expressway Investment and Development Corporation (VEC) as the project developer of the first five expressway projects.

Construction on the first expressway already kicked off last year. The highway with a total length of 56km will link two northern provinces of Ha Tay and Ninh Binh and will be connected to a trans-national road later.

According to VEC general director Tran Xuan Sanh, his company is now mobilizing funds for the next four projects with total cost of VND39.7 trillion (US$2.48 billion). They include 20km from Noi Bai airport to Mai Dich ward in Hanoi capital, 260km from Noi Bai to northern Lao Cai province, and 54km from Ho Chi Minh City to Dau Giay and 80km from Trung Luong to Can Tho in the south.

However, it is a difficult task, Sanh said, adding that his firm will likely have to cancel some sections due to investment shortage. So far VEC has received VND300 billion ($18.7 million) out of the total state budget of VND1 trillion ($62.5 million) pledged for the projects.

Saigon Times Weekly

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