Key northern expressway to be built under a public-private partnership but construction timeframe yet to be set.
The Ninh Binh - Thanh Hoa Expressway project is to receive investment under the public-private partnership (PPP) model, Deputy Minister of Transport Nguyen Hong Truong told a conference with related agencies on July 15. The date of construction, however, is still to be determined.
The expressway is a key project carrying huge volumes of traffic, according to Vice Director of Transport Engineering Design Inc., Mr. Nguyen Minh Thang, which is consulting on construction and design.
Vice Chairman of the Thanh Hoa Provincial People’s Committee, Mr. Le Anh Tuan, said the province expects the expressway project to be conducted in the future. The expansion to National Highway No.1 has failed to ease traffic congestion so the new expressway is very much needed.
To ensure investment efficiency, construction will be divided into two parts, from Mai Son commune in Ninh Binh province to National Highway No. 45 and from National Highway No. 45 to Nghi Son commune in Thanh Hoa province. Mr. Tuan also suggested that investment be under the build-operate-transfer mode and be supported by the government.
The project is part of government plans in the 2020-2030 period to develop expressways from the north to the south of the country. The Ministry of Transport has conducted a feasibility study but construction is yet to be approved due to a lack of capital, but it is now calling for investment.
The expressway is designed to have six lanes and a maximum speed of 120 km/h. In the first stage, however, the expressway will have four lanes and a maximum speed of 80 km/h with investment of VND17.74 trillion ($813.37 million).