Vietnam’s North-South Expressway project will boost transport for both goods and passengers. This is the finding of a report from Vietnam’s Transport Ministry. According to the report, demand to move goods along the route will climb to 62.3 million tonnes/year by 2020. Meanwhile the report says that the route will handle up to 45.4 million passengers/year by 2020.
Because of its importance to the Vietnamese economy, the Ministry of Transport is highlighting that the country cannot allow the project to suffer any delays in its construction. In all the 654km project is expected to cost US$5.23 billion between 2017 and 2020 and the work will be split into 11 different sections. A combination of government bonds and private investment will pay for the project, which will be handled under the PPP model.