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.
One of the fastest economic growth rates in the region, the signing of free trade and investment protection deals with the EU, and the Politburo’s first-ever resolution on foreign investment attraction were among the top 10 economic events of Vietnam in 2019.
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 mega infrastructure project North-South Expressway has started inviting domestic enterprises to apply for bidding, a month after the Ministry of Transport ruled foreign companies ineligible to participate in the project.
Work starts on North-South Expressway’s Cam Lo – La Son section
VOV.VN - Construction on the Cam Lo-La Son section of the North-South expressway, a major infrastructure project, started in Quang Tri province on September 16 with Prime Minister Nguyen Xuan Phuc in attendance.
Deputy Prime Minister Trinh Dinh Dung has asked ministries, especially the Ministry of Transport (MoT), to speed up preparations to ensure all sections in phase I of the North-South Expressway will be completed in 2021.
Deputy Transport Minister Nguyen Ngoc Dong has pledged to create optimal conditions for calling international investment capital in the eastern North-South expressway.
Prime Minister Nguyen Xuan Phuc has decided on the final investment plan for the ambitious 1,372-km North-South expressway project, which will cost VND310 trillion (US$13.6 billion) over three phases spanning from 2017 to 2028 and beyond.