HCMC – Vietnam’s ambitious plan to develop a well-organized transportation system and enhance public passenger transport in major cities will require over US$200 billion in investment by 2030, according to the Ministry of Transport.
The ministry recently outlined its development strategy for traffic infrastructure up to 2030, with a long-term vision for 2050. This strategy aims to mobilize resources and funding to achieve these goals, as reported by the Vietnam News Agency.
For road transportation, the country targets 5,000 kilometers of expressway by 2030, with an estimated investment of around US$25 billion.
In rail transport, the ministry plans to develop the North-South high-speed railway and accelerate the investment in urban railway lines in Hanoi and HCMC. The projected cost for these projects by 2030 is about US$151 billion.
Inland waterways will see upgrades to major high-traffic routes and the development of coastal shipping routes in the central region and the Mekong Delta, with anticipated investments reaching around US$11 billion by 2030.
For the maritime sector, there are plans to upgrade key shipping channels and develop port areas in Lach Huyen, Can Gio, Van Phong, and Tran De, requiring over US$4 billion by 2030.
Aviation infrastructure will focus on major airports in the Hanoi and HCMC areas, with an estimated total cost of around US$17 billion by 2030.
The Ministry of Transport plans to mobilize investment through various sources, including public-private partnerships (PPP) and foreign investment.
Additionally, the ministry will develop and announce a list of transportation infrastructure projects to attract investment for the period leading up to 2030 and beyond.
