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| The junction of Long Thanh - Dau Giay Expressway with National Highway 51 in Dong Nai Province. This will be part of a new North-South Expressway estimated to cost US$10.2 billion. — VNA/VNS Photo Manh Linh |
HA NOI (Biz Hub) — The Ministry of Transport has submitted to the Government a scheme to build the North-SouthExpressway from Ha Noi to HCM City with total investment of about VND230 trillion (US$10.2 billion).
Deputy Minister Nguyen Nhat said that construction of the expressway, which would begin from the east of the capital city and stretch more than 1,620 kilometres, would be carried out from 2017 to 2022.
The investment would be mobilised from the State budget and private organisations and individuals. More than VND136.2 trillion ($6.1 billion) would be mobilised from organisations and individuals, accounting for nearly 60 per cent. The State budget would take the rest.
Nhat said the expressway would be built using the Build-Operate-Transfer model.
To ensure capital and financial plan and investment efficiency, the ministry proposed research on investment plans for the road sections.
Nhat said the road sections, whose transport demand was forecast to reach 30,000-35,000 vehicles per day by 2030, would have four-lanes at least 22 metres wide. Other road sections forecast to be less busy would have four-lanes 17 metres wide.
After research, the ministry has drafted three options for the scale of investment and construction for the project.
In the first option, the project would be built with four-lane roads and site clearance would be fully implemented. The sections of Ha Noi-Vinh and Phan Thiet-Dau Giay would have four-lanes 22 metres wide. The sections of Vinh-Tuy Loan and Quang Ngai-Phan Thiet would have four-lanes with width of 17 metres.
Site clearance would be implemented for the size of six and four lanes respectively.
The cost was estimated to be VND229.8 trillion. Of which, the State budget would fund VND93.5 trillion, 40.7 per cent of total.
In the second option, the sections would be the same as the first one, but site clearance would be implemented for the size of four lanes for all sections.
The cost was estimated to be VND223.2 trillion, of which the State budget was VND87.6 trillion, accounting for 39.1 per cent.
In the third option, the section of Phap Van-Nghi Son would have six-lanes 29 metres wide, and the section of Nghi Son - Dau Giay would have four-lanes with width of 22 metres.
The cost for this option was VND280.9 trillion. The State budget was VND135 trillion, covering about 48.1 per cent.
Nhat said the ministry suggested the first option was best due to low construction and site clearance costs.
The project is under Government consideration. — VNS