It will take significant effort and focus from the Ministry of Transport and local authorities to achieve the goal of completing 3,000 kilometres of the North-South expressway by 2025, according to Minister Nguyen Van Thang.
The approval of the additional charter capital is seen as "unlocking the mechanism" to allow VEC to make "breakthroughs" after two decades of overcoming difficulties.
Thanks to the Ministry of Transport’s higher disbursement rate, which has eclipsed the national average, a series of North-South expressway projects have met or exceeded set plans and are ahead of schedule, according to the ministry’s report.
Prime Minister Pham Minh Chinh on September 21 asked the Deputy PMs, ministers, and heads of the sectors to thoroughly deal with difficulties facing businesses, explaining that settling their difficulties means coping with those of the economy, and the growth of businesses is the way to the country's development.
The Ministry of Transport has directed investors and project management boards to mobilise resources and equipment to reduce the timeframe for construction on the North-South Expressway.
The 13th National Party Congress has set goals to develop 3,000 km of expressways nationwide by 2025 and 5,000 km by 2030. The Prime Minister has directed ministries, sectors, and localities to actively advance efforts to expedite the North-South Expressway’s completion.
Prime Minister Pham Minh Chinh on August 8 asked ministries, sectors and localities to build and issue their own plans to finalise major transport infrastructure projects in 2025, clarifying the responsibility of particular parties and timeline for particular projects, ensuring the completion of the construction of 3,000km of highways by the end of next year.
The Ministry of Transport is keeping a close watch on monthly public investment disbursement progress and transferring capital from projects with slow disbursement to more capable ones.
The Ministry of Transport has recently opened several key sections of the North-South expressway on the eastern corridor, increasing the total length of highways across the country to over 2,000 kilometers.
National Assembly Chairman Tran Thanh Man attended the opening of the 15th session of the 10th People’s Council of the southern province of Binh Phuoc.
With 464 “yes” votes from the 469 attending deputies, the 15th National Assembly on June 28 passed a resolution on the investment policy for a project to build the North-South Expressway’s Gia Nghia-Chon Thanh western section, as part of its ongoing seventh session.
The steel industry in Vietnam is expected to have a positive outlook for 2024, with major companies like Hoa Phat and Hoa Sen projected to experience significant recoveries, while small businesses may face challenges in finding output due to the recovery of steel prices and demand from large contractors.
In just the past two years, the transport sector has achieved a miracle as a series of component projects of the Eastern North-South Expressway have been completed and put into operation, transforming the country's transportation landscape.
