A delay in land acquisition disbursement for the proposed Long Thanh international airport in the southern province of Dong Nai could affect its progress, experts have warned.

Hundreds of trillions of dong of private capital have been mobilized for transport development, but most of these have been for roads and none for railways.

Construction on many traffic infrastructure projects is running behind schedule due to a slow land clearance process.

Investors eligible to execute the North-South Expressway’s component projects under the public-private partnership (PPP) format must be financially capable, have experience and propose the lowest amount of State funding.

The three sub-projects set for construction in September are sections of Mai Son – National Highway No.45, Vinh Hao – Phan Thiet, and Phan Thiet – Dau Giay.

The installation of the automated electronic toll collection (ETC) system, which provides non-stop toll collection service for vehicles, has been completed along the Hanoi-Hai Phong Expressway. Toll collection is scheduled to begin on August 11.

HCM City and its neighbouring Long An Province plan to widen seven roads that connect each other by 2025 at a cost of VND24.4 trillion (US$1.05 billion).

The Ministry of Transport will launch bidding for 13 packages related to three North-South Expressway sub-projects on August 8.

Hanoi has created urban development plans for the banks of the Hong (Red) River, yet problems remain due to lack of flood and dyke planning.

Driven by favours and other advantages, domestic construction giants like Cienco4, Hoa Binh Construction Group, Licogi 16, and Vinaconex Corporation have a high possibility of joining five sections of the North-South Expressway via PPP model.

HCM City plans to spend nearly VND400 trillion (US$17.3 billion) on improving public transport and limiting the use of personal vehicles during the next decade.

More than 900 households living along the Van Don-Mong Cai Highway will have to relocate for it to be expanded. 

Global Infrastructure Hub estimated that Vietnam needs to invest US$110 billion between 2021 and 2025 for infrastructure.

Vietnam is now a magnet for overseas financiers wishing to implement infrastructure initiatives before transferring them to the state. 

Tolls on eight sections being developed under the public-private partnership format for the North-South expressway project are likely to be collected for at least 24 years.

While waiting for brand new changes in the upcoming Law on Public-Private Partnership, Vietnam is offering special advantages for private investors from both home and abroad to join the North-South Expressway project.