Eight BOT highway projects require over VND104 trillion

The Ministry of Transport has announced a list of eight build-operate-transfer (BOT) projects to construct the North-South Highway in the east in the 2017-2020 period, with a total investment of over VND104 trillion (US$4.57 billion).

Eight BOT highway projects require over VND104 trillion

The eight projects include the Mai Son - National Highway 45, National Highway 45 - Nghi Son, Nghi Son - Dien Chau, Dien Chau - Bai Vot, Nha Trang - Cam Lam, Cam Lam - Vinh Hao, Vinh Hao - Phan Thiet, and Phan Thiet - Dong Nai.

The total investment of the eight projects is estimated at over VND104 trillion, including over VND40.3 trillion funded by the State budget in order to conduct land clearance and the resettlement of affected households.

The project on building the 106km of Vinh Hao - Phan Thiet segment is expected to require the highest investment at over VND19.6 trillion, including VND8 trillion worth of State budget, while the Nha Trang - Cam Lam project with a total length of 29km is estimated to need the lowest investment at over VND5.1 trillion.

According to the Ministry of Transport, it is an urgent need to invest in these projects to meet the increasing transport demand of the related localities and to connect key national economic regions.

The report on the feasibility study of these projects is being completed and these projects are scheduled to be finished in 2021.