Preparing to build the North-South expressway through 20 provinces and cities

The Ministry of Transport directed the Consultant to complete the two approved options to report to the Government for decision before submitting to the National Assembly.

The Government Office has just announced the conclusion of Deputy Prime Minister Trinh Dinh Dung at the meeting on investment preparation for the North-South Expressway Construction Investment Project.

Illustration photo.

The conclusion announcement stated that this is an important national project, so it is necessary to ensure strict implementation, in accordance with regulations, submit to the Prime Minister and the Government to submit to the National Assembly for approval of the investment policy, meeting the required progress.

The main objective and requirements for the Project are to form a North-South expressway that meets the needs of large, high-speed and safe transport capacity; connecting economic and social centers from Hanoi to Ho Chi Minh City, through 20 provinces and cities; connecting economic zones, industrial zones, and seaports to develop the socio-economy of areas where the expressway runs through in particular and the whole country in general; reducing pressure and exploiting National Highway 1 more effectively; in accordance with the country's resources, orienting infrastructure development planning, including transport infrastructure.

Regarding the investment plan, Deputy Prime Minister Trinh Dinh Dung assigned the Ministry of Transport to direct the Consultant to complete 2 plans (the state supports 63,000 billion VND and 70,000 billion VND), report to the Prime Minister, the Government decides before submitting to the National Assembly. The state support capital is mainly for site clearance and partly for investment, the remaining part (about 70% of the total investment) is mobilized from socialized sources.

To ensure the progress of the Project, the Deputy Prime Minister requested the Ministry of Planning and Investment to urgently submit to the Prime Minister the establishment of a State Appraisal Council to appraise the Project according to regulations. The Minister of Planning and Investment shall be the Chairman of the Council, the members shall be leaders of ministries and branches according to regulations, and additional experts with experience in economics and technology shall be invited.

The Ministry of Transport directed the Consultant to proactively establish component investment projects to implement construction immediately after the National Assembly approved the investment policy for the entire route.

The Ministry of Transport shall coordinate with the Ministry of Planning and Investment, the Ministry of Finance and the State Bank of Vietnam to complete a specific mechanism, including a mechanism for mobilizing socialized investment capital, and submit it to the Government and the National Assembly for approval according to their authority.

According to VOV