The proposed expansion is intended to increase traffic capacity along Vietnam’s key north-south transport corridor, improve connectivity between regions and support growing demand for passenger and freight transport.
The project is expected to improve regional connectivity, support investment attraction and create additional development momentum for Hai Phong, Hung Yen, Ninh Binh and other provinces in the Red River Delta.
The Can Tho-Ca Mau Expressway in the Mekong Delta is more than 110km long and has a total investment of approximately VND27.523 trillion ($1.04 billion).
The proposed project would help complete Vietnam's national transport network while creating a new economic corridor linking Quang Ninh, Hai Phong, and the Hanoi Capital Region.
Once completed, the expressway is expected to significantly reduce travel times and enhance accessibility to Ho Tram from Long Thanh International Airport and major urban centers.
The expressway, connecting Ho Chi Minh City with Tien Giang, Ben Tre, Tra Vinh and Soc Trang, requiring estimated investment capital of VND69 trillion ($2.7 billion).