Deputy Prime Minister Hồ Đức Phớc on Tuesday worked with Việt Nam Expressway Corporation (VEC) on solutions to improve the highway developer’s financial capacity to implement expressway projects.
Officially established in July this year on the sideline of the 3rd APEC Business Advisory Council meeting, the project groups the provinces of Quang Ninh, Hai Duong, Hung Yen and Hai Phong City.
The National Assembly on Friday approved a resolution that will turn three public private partnership (PPP) sub-projects of the North-South Highway to public-invested.
Explaining the shift in policy, Minister of Transport Nguyen Van The cited great difficulties to secure the needed investment as banks were tightening their purse for long-term loans in a post-COVID-19 financial market.
A total amount of VND14.2 trillion (US$634 million) from government
bonds, which is the remaining capital from expansion projects on
National Highway 1A and Ho Chi Minh Highway.
The northern coastal province of Quang Ninh has been promoting the
public-private partnership (PPP) investment and management model aiming
to become a service-industry oriented locality by 2020.
Many individuals and enterprises yesterday blocked the Quan Hau Toll
Collection Station on National Highway 1A to protest the station''s
decision to raise toll fees from January 1.
Prime Minister Nguyen Tan Dung has approved a plan to raise the charter
capital of Vietnam Expressway Corporation (VEC) under the Ministry of
Transport (MoT).
The Rent-A-Port Group, Belgian experts in marine infrastructure and
industrial zone development, yesterday started construction of South
Dinh Vu Industrial Zone 2 (Deep C II) in this northern port city.