North-South expressway’s Nha Trang – Cam Lam section underway

The Ministry of Transport and the Son Hai Group (the main investor in the project) signed the contract on May 6, making the Nha Trang – Cam Lam expressway project the first PPP project on the North-South expressway signed between the Ministry of Transport and the investor.

The 50-kilometer section will start in Dien Tho Commune of Dien Khanh District and end in Cam Thinh Tay Commune of Cam Ranh City. It will have four lanes and a design speed of 80 kilometers per hour, the local media reported. 

The section, located in Khanh Hoa province, has total investment of over VND5.5 trillion (US$239 million) including over VND2.5 trillion from the investor and over VND2.9 trillion from the State budget. The project will be implemented over two years and a payback period of about 16 years and four months.

The investor will have six months to mobilize capital from banks to execute the subproject. If it fails to mobilize capital, the Ministry of Transport will cancel the contract. 

At the contract signing ceremony, Son Hai Group Chairman Nguyen Viet Hai committed to executing the subproject with the best quality and progress possible to meet the expectations of the Ministry of Transport and the people. 

Deputy Minister of Transport Le Dinh Tho asked the Son Hai Group to complete procedures to borrow loans from banks early and execute the subproject in a transparent manner with its progress and quality being the top priorities.

The North-South Expressway project in the 2017-2020 period has 11 subprojects. Eight of them are under construction. In the 2021-2025 period, Vietnam targets to have at least 2,000 kilometers of expressways and by 2025, the figure would be 4,000 kilometers stretching from the northern province of Lang Son to the southernmost province of Ca Mau.