The National Assembly passed a Resolution on the investment policy for the Vinh - Thanh Thuy expressway construction project.

On the morning of December 11th, under the chairmanship of National Assembly Chairman Tran Thanh Man and the direction of National Assembly Vice Chairman Vu Hong Thanh, the National Assembly passed a Resolution on the investment policy for the Vinh - Thanh Thuy expressway construction project with 430 out of 433 National Assembly deputies present voting in favor, achieving 99.30%.

Deputy Speaker of the National Assembly Vu Hong Thanh presides over the session. Photo: Quang Khanh

The resolution stipulates that investment in the construction of the Vinh - Thanh Thuy expressway aims to build a modern and integrated East-West transportation route, meeting transportation needs, creating new impetus and development space; connecting Hanoi with Vientiane, Laos, and connecting with the Eastern North-South Expressway and the Ho Chi Minh Highway; enhancing competitiveness, creating momentum for socio -economic development in the region, inter-regions, and internationally; contributing to national defense and security; and gradually achieving the goals and strategies for socio-economic development as outlined in the Party's Resolution.

The resolution states that the project applies advanced and modern technologies, ensuring safety, consistency, quality, and efficiency. It encourages the application of high technology in construction organization and adaptation to climate change. It also mandates the implementation of electronic toll collection (ETC) in operation and maintenance.

The National Assembly passed a resolution on the investment policy for the Vinh - Thanh Thuy expressway construction project. Photo: Pham Thang

The preliminary land requirement for the Project is approximately 648 hectares, including: approximately 223 hectares of rice paddy land; approximately 368 hectares of forest land; and approximately 57 hectares of other land types as stipulated by land law.

It is estimated that approximately 354.36 hectares of forest will need to be converted to other purposes for the project, including about 180 hectares of upstream protection forest. Land acquisition, compensation, support, and resettlement will be carried out along the entire route in one go according to the planned scale.

The National Assembly has passed a Resolution on the investment policy for the Vinh - Thanh Thuy expressway construction project. Photo: Quang Khanh.

The preliminary total investment for the Project is approximately VND 23,940.34 billion. The funding will come from increased central government revenue in 2024; and from the central and local government budgets for the period 2026-2030.

According to the implementation schedule, investment preparation for the project will begin in 2025, project implementation in 2026, and completion and commissioning in 2029.

Source: https://daibieunhandan.vn/quoc-hoi-thong-qua-nghi-quyet-ve-chu-truong-dau-tu-du-an-dau-tu-xay-dung-duong-cao-toc-vinh-thanh-thuy-10400047.html