The chairman of the People's Committee of Thai Binh Province has approved the construction project for the Ninh Binh–Hai Phong expressway section, which passes through Nam Dinh and Thai Binh provinces, under the public-private partnership (PPP) model.
The project proposal was initiated by Geleximco Group, serving as the investor.
The total investment for the project, excluding loan interest, is 19.149 trillion VND, while the total cost, including loan interest, amounts to 19.784 trillion VND.
For this project, the investor and the project enterprise are responsible for arranging 10.447 trillion VND (52.81%), while the government contributes 9.337 trillion VND (47.19%). Of the government’s share, 6.2 trillion VND is allocated for construction support and infrastructure, while 3.137 trillion VND is reserved for compensation, site clearance, and resettlement.
According to the plan, the starting point of the project (Km 19+300) is located at the southern end of the Day River Bridge in Nghia Thai Commune, Nghia Hung District, Nam Dinh Province. The endpoint (Km 80+200) is at the intersection of the new National Highway 37 and the coastal road in Thuy Trinh Commune, Thai Thuy District, Thai Binh Province.
The expressway spans approximately 60.9 km, with 27.6 km in Nam Dinh Province and 33.3 km in Thai Binh Province. It will be constructed to meet expressway standards (TCVN 5729:2012), featuring four lanes, a 24.5-meter-wide roadbed, and a design speed of 120 km/h.
The project includes the construction of 23 bridges along the main route, the longest being the Hong River Bridge connecting Thai Binh and Nam Dinh, which measures 1,115 meters. Additional features include four overpasses, four interchanges, and an intelligent traffic management system.
Two rest stops are planned: one at Km 33+500 in Truc Ninh District, Nam Dinh, and another at Km 51+900 in Kien Xuong District, Thai Binh. The investment, operation, and management of these rest stops will follow legal provisions and are not included in the scope of this project.
The project is scheduled to commence in 2023, with substantial completion by 2027 and operational readiness by 2028.
The investor will be selected through a domestic open bidding process, scheduled to take place in the fourth quarter of 2024.
