An interchange at the Cao Bo-Mai Son Expressway Project. (Photo: PV/Vietnam+)
|
The Ministry of Transport has recently reported to the Government on the results of the review of investment in the transportation system connecting to expressways.
According to the Ministry of Transport, as of now, 2,021 km of expressways have been put into operation, with approximately 1,700 km under construction and about 1,300 km in the investment preparation stage. The Ministry is striving to achieve the target of having over 3,000 km of expressways by 2025 and over 5,000 km by 2030.
To maximize the efficiency of investments in the completed and ongoing expressway projects, creating space for economic development, and forming industrial, urban, and tourism areas, the Ministry of Transport emphasizes the importance of reviewing and planning investment in expressway connections (including grade-separated interchanges and connecting routes to expressways).
However, given the limited resources and the significant investment needs for completing expressway connections (estimated at VND 181,240 billion), the Ministry suggests adopting reasonable and effective investment solutions, prioritizing projects that ensure synchronism with the expressways, especially those nearing completion.
Therefore, the Ministry of Transport has proposed that the Government direct the Ministry and 11 localities (Yen Bai, Lang Son, Hung Yen, Hai Duong, Vinh Phuc, Ha Nam, Thanh Hoa, Da Nang, Can Tho, Hau Giang, and Soc Trang) to expedite the construction and operation of interchanges and connections currently in the investment preparation or construction stage.
For the remaining connections, the Ministry of Transport and the localities within their investment authority will review and prioritize allocating investment capital for connections (the North-South Expressway in the Eastern Region, the North-South Expressway in the Western Region from Lo Te to Rach Soi, and the Hanoi-Hai Phong Expressway) during the implementation of the medium-term public investment plan for the 2026-2030 period.
The Ministry of Transport will continue to review and assess the necessity and investment needs of the connections to prioritize capital allocation, mobilize resources, and facilitate the early investment of these connections in the 2026-2030 period and the following periods, meeting the socio-economic development demands of each period.
Viet Hung
Unlocking the Secrets to Success: Unveiling the Art of Profitable Trading and Investing with the Right Guidance
According to Petri Deryng, now is the opportune time for a shift in capital allocation. The current climate presents a unique opportunity to move away from overvalued tech stocks and towards an often-underrated sector: Vietnamese banking stocks. This strategic shift has the potential to unlock significant value and offer a fresh perspective on investment opportunities.
Mobilizing Over 6,500 Workers and 2,200 Equipment, Most Transport Projects in the Mekong Delta Are Still Delayed by 4-15% for One Main Reason
The Mekong Delta region is currently undertaking nine significant national transportation projects, totaling an impressive investment of 106,000 billion VND. Of these ventures, eight are already under construction, with the My An – Cao Lanh Expressway project, funded by South Korean ODA, finalizing procedures and expected to commence in early 2025.
The Latest on Key Projects in Thanh Hoa
In 2024, Thanh Hoa province identified 71 key large-scale investment projects. Of these projects, 6 have been completed, 33 are currently under implementation, and 32 are finalizing investment procedures and paperwork.