HANOI, April 7 (Xinhua) -- Vietnamese Prime Minister Nguyen Xuan Phuc has agreed to support construction of the North-South Highway with an investment of some 55 trillion Vietnamese dong (2.4 billion U.S. dollars) sourced from government bonds during the 2016-2020 period.
The highway will be constructed under the Public Private Partnership (PPP) model, local Vietnam News newspaper quoted the government office's announcement as saying on Friday.
A consultancy firm will be selected through a bidding process to plan and design the highway construction while the final selection will be based on cost and feasibility of their technical designs.
Meanwhile, the Vietnamese Ministry of Finance was also asked to review and adjust the plan on developing Vietnam's expressway network until 2020 (with a vision to 2030), towards expanding the North-South Highway into 6-10 lanes from four lanes, as originally proposed.
