4 Key Transportation Projects Expected to be Completed by 2024

In 2024, a plethora of transportation projects are set to reach completion, with 4 major projects among them, promising to reshape Vietnam's infrastructure landscape.

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1, The first urban railway project in Ho Chi Minh City is Ben Thanh – Suoi Tien, which is expected to be commercially operated from July 2024, after 12 years of construction. The 20-km long route from Ben Thanh, District 1 to Long Binh depot, Thu Duc City includes 3 underground stations and 11 elevated stations, with a total investment of over 43,700 billion VND.

According to the Urban Railway Management Board of Ho Chi Minh City (the investor), in March 2024, the contractor is expected to complete the installation of the electromechanical system; inspect, remedy any deficiencies as well as adjust each device, ensuring smooth operations. The operating unit is expected to complete the training of personnel in June. The trains running on the Ben Thanh – Suoi Tien route are manufactured in Japan, including three 61.5-meter-long three-car trains with a capacity of 930 passengers. According to the design, the elevated section of the trains runs at a maximum speed of 110 km/hour, while the underground section runs at 80 km/hour.

2, The Nhon – Hanoi urban railway route is 12.5 km long, including 8 elevated stations and 4 underground stations. The elevated section from Nhon to S9 Station (in front of the University of Transport and Communications) is 8.5 km long, and the remaining 4 km is underground to Hanoi Station. The project was commenced in 2010 and the total investment was adjusted in May 2023 to over 34,800 billion VND.

On January 26, the Hanoi Urban Railway Management Board announced that the overall progress of the route was 77.76%. It is expected to complete the test run of the elevated section of the Nhon – Hanoi route at the end of April 2024. By the end of June 2024, complete the system safety certification, inspection and acceptance handover by the investor and state management agencies to transfer to the Hanoi Railway Co., Ltd. for commercial operation.

3, The Dieu Chau – Bai Vot section of the North-South Expressway is 49.3 km long and construction commenced in May 2021, with a planned completion in May 2024. This is one of the three sections of the North-South Expressway invested under the public-private partnership (PPP) form. Of the total investment capital of over 11,150 billion VND, approximately 5,090 billion VND is mobilized from investors, and over 6,060 billion VND is contributed by the State. As of January 25, the progress of the project is about 67.54% of the contract (2.95% behind the 4th adjusted progress).

There are only about 4 months left to implement the project, with a remaining output of about 2,660 billion VND, averaging 665 billion VND per month (equivalent to 7.74% of the contract value). Based on this, the Ministry of Transport evaluates that contractors need to concentrate resources over 2023 about 2.12 times to meet the project schedule.

4, Cam Lam – Vinh Hao Expressway is one of the three sections of the North-South Expressway Phase 1 implemented under the public-private partnership (PPP) method. The project is 78.5 km long, passing through 3 provinces: Khanh Hoa (about 5 km), Ninh Thuan (63 km), Binh Thuan (about 12 km), with the joint venture of Deo Ca Group and Company 194 as the investor. To date, the section from km 92+260 to km 134 has been implemented by Deo Ca, achieving nearly 80% of the volume. It is expected to be completed and put into use by April 30, 2024.

By the end of 2023, the project had achieved about 89% of the contract construction output (3.3% behind the progress), some sections have not met the requirements such as toll booths and intelligent traffic systems; the Thuan Nam interchange is still incomplete in terms of design adjustment documents. To increase the construction output, the project has mobilized nearly 2,000 engineers, workers, and over 700 machines and equipment to accelerate construction progress, striving to operate the route ahead of schedule.