The Politbureau's conclusion called for the study and piloting of public investment-private management and private investment-public use models, as well as the completion of Transit Oriented Development (TOD) models.
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.
By 2050, Vietnam would have a network of 25 railway routes with a total length of 6,354 kilometers.
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 three sub-projects set for construction in September are sections of Mai Son – National Highway No.45, Vinh Hao – Phan Thiet, and Phan Thiet – Dau Giay.
All five sub-projects under the North-South Expressway project would be operated under the PPP mechanism, scheduled to commence in early 2021.
Vietnam is stimulating key transport projects and other infrastructure ones to support development and economic recovery in post-Covid-19. And this is a good opportunity for investors.