On June 18th, the People’s Committees of Dak Lak and Phu Yen provinces proposed to the Prime Minister a project to invest in the construction of a new expressway connecting the two provinces through a public-private partnership (PPP).
The expressway will be approximately 122km long, linking the North-South Expressway in the East to National Highway 14. The starting point will be at Bai Goc Port in Phu Yen, and the endpoint will be at Dak Rue Border Gate in Dak Lak.
Designed for a speed of 100km/h, the expressway will feature four lanes. The total investment for the project is estimated at VND 29,650 billion. The total land area within the road boundary is nearly 990 hectares.
Illustration: Proposed expressway connecting Dak Lak and Phu Yen provinces
This expressway is considered an essential part of the CT.23 expressway, playing a strategic role in connecting economic and political centers, as well as industrial parks in the region.
In their proposal, the two provinces requested the government to allow adjustments to the investment process to complete the project before 2030.
The project will be implemented through a Build-Operate-Transfer (BOT) contract, with the involvement of state capital. The People’s Committees of Phu Yen and Dak Lak provinces will be the authorized agencies for this project.
According to the plan, the investment preparation will take place from 2025 to 2026, and construction will commence from 2026 to 2029.
Currently, Dak Lak and Phu Yen are connected by National Highway 29.
According to the leaders of the two provinces, the Phu Yen-Dak Lak Expressway will open up new development opportunities. It is expected to improve traffic capacity, reduce logistics costs, and attract investment, thereby boosting socio-economic development in the Central Highlands and Central Coastal regions.
This proposal comes as Dak Lak and Phu Yen officially merge to form the new Dak Lak province. With a natural area of over 18,000 square kilometers and a population of over 3.3 million, the new province will have a strategic location, bordering many provinces and countries.
The authorities of the two provinces are expediting the completion of tasks related to the merger, following the directives and timeline set by the Central Government. This will facilitate the synchronized development of transportation infrastructure and other socio-economic tasks.
Currently, National Highway 29, which is over 290 kilometers long, connects Phu Yen and Dak Lak, linking the Central Coastal region with the Central Highlands and border gates in the Cambodia-Laos-Vietnam development triangle. However, due to the deterioration and narrowness of some sections, the two provinces have also proposed to the Central Government for an upgrade.
The Untapped Eco-Investment Haven: Dak Lak’s Emerging Opportunities
With its vast land area, pleasant climate, and well-developed infrastructure, Buôn Ma Thuột in Đắk Lắk is emerging as a prime destination for ecological real estate and long-term investors.
The New Pilot: Phu Yen Trials Two New Wards from June 16th
The picturesque province of Phu Yen is set to pilot the establishment of two new communes from June 16 to 20. This exciting development includes the creation of Binh Kien Ward in Tuy Hoa City and Phu Hoa 1 Commune in Phu Hoa District.
The Highway Project in Dak Lak at Risk of Delay Despite Prime Minister’s Directive
The Khánh Hòa – Buôn Ma Thuột Highway Component 3 project is experiencing a delay of approximately 14.4% compared to the committed deadline. This setback is a cause for concern for all stakeholders involved, and immediate action is required to get the project back on track. With a sense of urgency, the project team is working diligently to address the issues and accelerate progress. The team is confident that with their expertise and dedication, they can overcome this challenge and ensure the project’s timely completion. Transparency and frequent updates will be provided to keep all stakeholders informed throughout this process.
The Latest Prestigious Investor Sends an Unprecedented Proposal to the Prime Minister after the Son Hai and Deo Ca Groups.
The race to expand Vietnam’s most important route is heating up.
A Bold Initiative: Businesses Rally to Present Unprecedented Proposals to the Prime Minister
A multitude of businesses are gearing up for an intense race to expand Vietnam’s most crucial transportation artery.
