Minister of Transport hopes businesses continue to invest in transport infrastructure

Speaking at the Government's Standing Committee meeting with businesses on solutions to contribute to the country's socio-economic development on September 21st, Minister of Transport Nguyen Van Thang said that recently, the Party and State have strongly advocated for the completion of strategic infrastructure, namely transportation infrastructure, to focus on socio-economic development, security, and national defense.

From the beginning of the term until now, according to the strategic planning, in the three areas of road, air and waterway alone, we need about more than 2 million billion VND.

Minister of Transport Nguyen Van Thang shared this at the conference (Photo: VGP).

From 2021 to now, the National Assembly , the Government, and the Prime Minister have spent more than 100 trillion VND to implement the construction of large and very large projects in all fields, with the advantage being highways.

"Currently, we have over 1,000km of expressways, and it is projected that by 2025 we will have over 1,000km more, and by 2030, we will have approximately 5,000km of expressways. This is a very significant resource that the Party and the State have allocated to the development of transport infrastructure," Minister of Transport Nguyen Van Thang emphasized.

However, it is projected that by 2030, the demand for transportation development will be enormous, not including the railway sector and high-speed rail projects, requiring more than 2 trillion VND, while the state budget is projected at over 1 trillion VND. Therefore, more than 1 trillion VND will need to be mobilized from private enterprises through socialized funding.

If we include the high-speed railway and the standard road project, we will need about 3 trillion VND more. The high-speed railway alone will need more than 1.7 trillion VND.

Therefore, a large amount of socialized resources is needed, so the Minister of Transport expressed his hope to continue receiving investment attention to develop the transport infrastructure sector.

Regarding roads, the Road Law has been issued and in the near future, the Ministry of Transport will coordinate with other ministries and branches to conduct bidding for toll collection on all expressways that the state has invested in. This is a very good opportunity for businesses to participate.

In addition, there are many transportation projects that can be implemented under the BOT model, and the Ministry of Transport hopes that businesses will continue to invest in and participate in these projects through the BOT model.

To do this, in the coming time, the Government will also have many mechanisms and policies and will submit to the National Assembly policies to create favorable conditions for businesses.

Regarding railways, currently, in addition to high-speed railways, there are many railway projects under mixed railway and urban railway standards. According to calculations by the Ministry of Transport, railway projects alone will generate about 75.6 billion USD for the construction market and more than 34 billion USD for the production market.

As for issues related to equipment for high-speed rail at 250km/h and 350km/h, there are basically no significant differences.

Responding to the locality’s proposal on seaport planning, Minister of Transport Nguyen Van Thang said that the Prime Minister has approved two plans: a group of seaports and a detailed plan. Currently, the Ministry of Transport is working on these two plans in parallel.

Regarding the planning of seaport groups, the Ministry of Transport has submitted it to the Prime Minister and the Deputy Prime Minister in charge has met to review and announce this content on September 5, 2024. It is expected that this September, there will be a complete planning of seaports for implementation.

Source: https://www.baogiaothong.vn/bo-truong-gtvt-mong-doanh-nghiep-tiep-tuc-dau-tu-vao-ha-tang-giao-thong-192240921210022969.htm