HCMC – Khanh Hoa Province has sought the Government’s approval to develop the Van Phong-Nha Trang expressway project, which is part of the North-South Expressway project during the 2021-2025 period, under the public-private partnership (PPP) format, a Transport Ministry representative said on July 9.
The south-central province sought to borrow loans from the Government’s bond issues to implement the site clearance work, as it is facing financial obstacles and planned to mobilize PPP capital for the construction.
According to the project’s prefeasibility study submitted to the ministry, the 83-kilometer project will start from Van Ninh District’s Van Tho Commune to Dien Khanh District’s Dien Tho Commune.
The four-lane Van Phong-Nha Trang expressway will allow vehicles to travel at 100-120 kilometers per hour, requiring a total investment of VND12.906 trillion.
Once the investment for the project is approved, the province will begin investor selection in early 2022. Then it will start work on the project six months later and put the project into service by late-2024.
It will connect with other subprojects of the North-South expressway such as the Nha Trang-Cam Lam and the Cam Lam-Vinh Hao expressways in the south-central provinces of Khanh Hoa and Binh Thuan.