He mentioned the information in the report on pre-feasibility study of the project on building some sections of the North-South expressway in the east in the 2017-2020 period.
To implement the project, the Government requires the approval from the NA at this NA working session.
According to the report, the project will include 11 sub-projects and be carried out under the Public Private Partnership (PPP) model. Of the total investment, VND55 trillion (US$2.4 billion) will source from Government bonds and the remaining funds for the project will come from investors.
Construction of the expressway project is scheduled to commence in 2019 and will be completed in 2021.
So far, 223km of the North-South expressway running from the Huu Nghi border gate in northern province of Lang Son to Ca Mau southern city have been completed and opened to traffic.
Examining the report by the Transport Ministry, the NA Economic Committee agreed that it is a necessity to invest in the project, saying that the North-South expressway in the east plays a crucial role to the national economic development. The expressway also helps to connect the two nation hubs including Hanoi and Ho Chi Minh City and other major economic areas across the country while running through 32 provinces and cities nationwide.
Head of the NA Economic Committee Vu Hong Thanh said that the project must ensure the criteria on safety and modernisation in addition to unity in the operation and management of the project while meeting the transport demand for the next 20 years.
The NA Economic Committee also asked the Government to clarify the criteria for allocating investment capital for sub-projects to ensure transparency.
