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The construction phase is set to start on December 31, 2022.

The Eastern North-South expressway project is of national priority, for which an acceleration in construction progress should not undermine the quality of the project.

The project is of national priority receiving special attention from the Party, National Assembly, the Government, and the public.

Expressways remain a key factor to boost socio-economic development in different economic zones.

The project once completed would help relieve traffic jams in Hanoi’s metropolitan areas and bolster connectivity between provinces/cities in the Northern Delta region.

The total length of the project is estimated at 729 kilometers, divided into 12 sub-projects, and financed by public funds.

Once completed in 2025, the Government would start collecting fees to recover part of its investment capital.

The financing mechanism under the private-public partnership (PPP) model would be essential to realize this goal.

The public-private partnership (PPP) law, which became effective since early 2021, has created a legal framework for the implementation of large-scale infrastructure projects under such funding tool.

This is the first project since the public-private partnership (PPP) law came into force last June.

The Ministry of Transport plan to build 42 expressways from now to 2030 with investment capital funded by private businesses.