
Bundling Expressways into Two PPP Projects May Change Toll Prices and Travel Costs
Gộp 15 đoạn cao tốc thành 2 dự án PPP: Thay đổi phí cầu đường và chi phí di chuyển
Source: Vietnamnet
The Ministry of Construction has proposed bundling fifteen existing expressway sections into two large public‑private partnership (PPP) projects that together cover 966 km. The plan does not rely on any state budget support, which makes it a major shift for Vietnam’s road network. Understanding this change is important because it may affect toll prices and everyday travel costs.
The northern PPP project will run 415 km from Mai Son to Cam Lo, with a preliminary investment of VND 72,186 billion and an estimated 20‑year payback period. The southern project will stretch 551 km from Quang Ngai to Dau Giay, requiring VND 78,223 billion and targeting a 15‑year payback. Together they total roughly 966 km and more than VND 150.4 trillion in investment.
Four companies have been named to prepare the investments: Vietnam Expressway Corporation, Deo Ca Group, HCMC Infrastructure Investment, and Xuan Truong Construction. The Ministry of Construction said these firms will develop the detailed PPP proposals for both projects.
According to a representative of Project Management Unit 2, bundling high‑traffic, high‑revenue sections with lower‑traffic segments balances cash flows, improves the feasibility of the payback periods, and makes the projects more attractive to private investors. This approach also avoids the financial gaps that would appear if each section were treated as a separate PPP.
Switching to a PPP model means the toll‑collection system must be rewritten. Project Management Unit 2 said this could lead to new toll rates, which may raise or lower travel costs for drivers and logistics firms.
In short, the bundling strategy aims to create financially stable, investor‑friendly expressway projects, but the required changes to toll mechanisms could directly impact how much citizens and businesses pay for road use. Travelers should watch for future announcements on toll adjustments.
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