According to the Ministry of Transport (MoT), its divisions are striving to complete the statement to the Politburo for the policy approval of implementing a set target of 5,000- kilometer long expressways in the whole country by 2030.
Particularly, expressway construction projects with a total length of 871 kilometers will be completed and 1,176-kilometer new ones will be started works in the period 2021 – 2025. Of which, the country will complete Hoa Lien-Tuy Loan and Dau Giay- Tan Phu- Bao Loc expressways in the Central and Central Highlands regions with a total length of 139 kilometers and start works of Buon Ma Thuot – Van Phong expressway project with 105 kilometers.
As for the Southern region, there will be two expressways of Bien Hoa- Vung Tau and Chon Thanh- Duc Hoa being completed and three new expressways with a total length of 194 kilometers, consisting the Ring Road No.3 Ho Chi Minh City, Ho Chi Minh City – Moc Bai and Ho Chi Minh City – Chon Thanh expressways will be started works.
In the Mekong Delta region, three expressways with a total length of 136 kilometers will be built, including My An – Cao Lanh, Cao Lanh – Rach Soi, An Huu – Cao Lanh and the 153-kilometer long expressways will be started works, consisting Chau Doc – Can Tho and Soc Trang – Tran De.
In the period 2025 to 2030, the country will continuously complete at least 874- kilometer long expressways. Of which, there will be additional three expressways in the Northern region, including Moc Chau – Son La, Phu Tho – Cho Ben, Ring Road No.5 in Hanoi with a total length of 363 kilometers; three more expressways, consisting Vinh – Thanh Thuy, Quy Nhon – Pleiku, Bao Loc – Lien Khuong with a total length of 299 kilometers in the Central and Central Highlands regions; additional two expressways in the Southern region, including the Ring Road No.4 in Ho Chi Minh City and Go Dau – Xa Mat, with a total length of 170 kilometers.
In the Mekong Delta region, Ha Tien – Rach Gia and Hong Ngu – Tra Vinh expressway construction projects with a total length of 207 kilometers will be started works.
To reach the target, it is estimated to have investment capital of around VND350,936 billion (US$15.2 billion), including VND219,523 billion (US$9.5 billion) from the national budget, VND131,413 billion (US$5.7 billion) from other financial sources.
As for the national budget, the Government assigned localities to arrange VND37,168 billion (US$1.6 billion). After arranging capital, the localities currently need an additional VND44,355 billion (nearly US$2 billion) to implement the projects.
In the period 2026-2030, the capital demand for the above projects will be around VND395,670 billion (US$17.2 billion), including VND209,164 billion (US$9.1 billion) from the national budget and VND186,506 billion (US$8.1 billion) from other financial sources.
The HCM City Department of Transport has called for solutions to speed up the progress of major projects, including ring roads and railway stations, as part of its effort to develop a modern, highly connected transport system.