The People’s Committee of Phu Tho province in northern Vietnam has submitted a document to the Prime Minister, proposing for approval of the Viet Tri – Hoa Binh Expressway project, which will connect the Noi Bai – Lao Cai Expressway with the Hoa Binh – Son La Expressway.
According to the proposal, the project will be carried out under the public–private partnership (PPP) model to attract investors. In case that no suitable investor, the project will be allowed to be implemented as a public investment project, with 100% of State budget capital. The total investment is estimated at VND15.9 trillion (nearly $603 million), with construction planned for the 2026–2030 period.
The locality has also asked the Prime Minister to consider approving a support fund of about VNĐ8 trillion from the central budget (equivalent to 50% of the total investment) to ensure feasibility, given the province’s limited financial capacity.
Earlier, the provincial People’s Committee had submitted a proposal to the Ministry of Construction to include the Viet Tri – Hoa Binh Expressway in the national road network plan for 2021–2030, with a vision to 2050.
Based on calculations, the route will be approximately 56 km long, including 42 km of expressway. It will be built to four-lane expressway standards, with a design speed of 100 km/h, ensuring technical synchronization with other inter-regional expressways.
Google translate