Assessment of the Investment in the Eastern North-South Expressway through Practical Operation of the South-West Expressway Cluster

Abstract

The formation of the Eastern North-South Expressway system will greatly change the face of the country, meeting the increasing requirements of socio-economic development. In parallel with the development of transport infrastructure to meet the requirements of the economic development and the increasing number of vehicles, including the quantities and load of vehicles, etc., have made a premise to promote the overall economic growth of the country. Through exploitation practices (record keeping, traffic organization, road protection, maintenance and cost management activities) and statistics of the authorities, from the perspective of traffic safety, the authors found that some sections of the expressway level - II have not met the goals of socio-economic efficiency, including the efficiency of investment activities through the exploitation process. There have been still many shortcomings, causing public disapproval. Through the research process, the authors discovered the following reasons: First issue to be mentioned is the low speed in operation while the risk of traffic accidents is high, causing damages to people and properties; The causes for long-term consequences is the lack of good investment attraction and investment planning (the impractical issues in phases 1 and 2) and the lack of social criticism. They are also followed by the lack of professionalism from the design perspective, leading to traffic unsafety during exploitation, creating many negative consequences for society. On the other hand, the investment cost in phase 2 will be extremely high, resulting in low investment efficiency