Latest News about north-south expressway
The North-South Expressway will be equipped with a smart traffic system when put into operation to ensure efficient management and operation of vehicles, according to the Ministry of Transport.
The Ministry of Transport will launch bidding for 13 packages related to three North-South Expressway sub-projects on August 8.
The Ministry of Transport has approved bidding documents for five component projects of the North-South Expressway to be implemented under the public-private partnership (PPP) format.
The estimated cost of the North-South Expressway in 2018 was VND16 trillion lower than the initial estimate made in 2017 when the National Assembly decided to develop the project.
Some National Assembly delegates yesterday expressed concerns over the Government's decision to transfer certain components of the North-South Expressway from the PPP model to public investment, Thanh Nien newspaper reported.
Vietnam’s efforts to accelerate public investment have gained strong momentum, laying firm groundwork for the country to boost economic growth.
The Government has proposed to the National Assembly three options for transforming investment models at sub-projects of the Eastern North-South Expressway for consideration.
The Ministry of Transport (MOT) said that it has been difficult to mobilize credit capital for the huge eastern North-South Expressway project.
Vietnam is stimulating key transport projects and other infrastructure ones to support development and economic recovery in post-Covid-19. And this is a good opportunity for investors.
The 13 localities the North-South Expressway runs through have sped up land clearance to hand over land for the project before June 30.
Eight Public-Private Partnership (PPP) projects for the North-South Expressway’s eastern section during the 2017-20 period have finished the preliminary selection of investors, according to the Ministry of Transport.
The Ministry of Transport will put component projects of the North-South Expressway out to bid, Minister Nguyen Van The told the Vietnam News Agency on April 14.
The key Eastern Cluster of the North-South Expressway venture has run aground, prompting the Ministry of Transport to reconsider investment scenarios to improve the bankability of each component project
Three component projects of the North-South Expressway master plan are expected to be shifted from the private-public partnership model to the public investment model.
Stagnant site clearance work for the North-South Expressway project means work will not start on the project this August as planned.
Nguyen Van The, Minister of Transport talks to the Thời báo Kinh tế (Economics Times) newspaper that the transport sector will do its best to achieve many breakthroughs to take the sector to a higher level.
The Government has prepared a backup plan to fund the North-South Expressway (NSE) amid fears that private investors might not be financially capable of carrying out the mega project, the transport minister has said.
The management boards of the North-South Expressway’s sub-projects have received applications from 32 domestic investors and joint ventures.