09:54 | 15/07/2016 Economy- Society
Deputy Prime Minister Trinh Dinh Dung has said that building the North-South expressway must not be delayed as it is the foundation for national modernisation and industrialisation.
The government official told the Ministry of Transport on July 7 that the expressway was essential to enhancing the competitiveness of the Vietnamese economy.
According to the Deputy PM, the government has made great strides in improving road infrastructure in recent years, contributing to high economic growth and better living standards, but Vietnam’s roads are still not on par with those of regional countries.
He emphasised that global integration, industrialisation and modernisation are impossible with poor transport infrastructure.
Deputy PM Dung stated that a suitable allocation of State budget is needed to draw investment from the private sector into expressway projects, which will be implemented under the public-private partnership form.
According to the transport ministry, the upgrade of National Highway 1 section from Hanoi to Can Tho from two to four lanes, completed in 2015, has helped reduce congestion and road accidents.
However, Vietnam’s main north-south route is still severely strained due to economic development and the growing number of vehicles on the roads. As such, building an alternative expressway running the length of the country is an urgent task.
Currently several sections with a total length of 171 kilometres of the 1,814-kilometre North-South expressway have opened to traffic while another 302 kilometres are under currently construction and scheduled to be completed in 2020.
It is estimated that Vietnam needs nearly VND236 trillion (USS$10.62 billion) to complete the national expressway./.