Vietnam has targeted to have 2.500 kilometers of highway completed in the next five years, the medium scenario in an ambitious plan that the state budget cannot cover, according to the Ministry of Transport.
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Vietnam has targeted to have 2.500 kilometers of highway completed in the next five years, the medium scenario in an ambitious plan that the state budget cannot cover, according to the Ministry of Transport.
With such a goal, the participation of the private sector is necessary to help realize it, according to information posted late last month on the official portal of the ministry, mt.gov.vn.
According to a three-scenario plan set out by the ministry, the Southeast Asian country would have an additional 2,300km of highway following the first scenario, and over 2,700km of highway in the most optimistic scenario.
The state will have to spend over VND181.2 trillion (US$8.52 billion) building a total of 2,708km of highway from now to 2020 if it follows the most optimistic scenario, according to the ministry.
The remaining capital, around VND213.3 trillion (US$10 billion), will be invested by various sectors, including the private one, the ministry said.
Regarding an investment plan to realize the 2020 target, the ministry said it has so far put into operation 567km of highway.
In addition, around 457km of highway is under construction.
The ministry has also identified three sources of investment capital for three highway projects, including a section of Mai Dich-Nam Thang Long in Hanoi, Dau Giay-Phan Thiet linking the southern province of Dong Nai and the south-central province of Binh Thuan, and a section of Tan Van-Nhon Trach in Ho Chi Minh City, with a total length of 120km.
For investment projects following the previous plan that should be materialized before 2020, there are investors planning to build around 508 kilometers under Build-Operate-Transfer or Build-Transfer mechanisms for seven projects throughout the country, said the ministry.
Thus, by the end of 2015, there will be 700km of highway completed, 457km under construction, 120 km about to be built, and 508km seeking investors, with a total length of 1,785km.
(Source:TTNews)
