As the first step, Vingroup and Techcombank will establish a feasibility study to submit to agencies for approval. If approved, the two businesses will be in charge of financing the construction. It is expected to be developed under the private-public partnership (PPP) model.

It is the first project of its type by these two companies. State Capital Investment Corporation has also expressed its interest in cooperating with the development.

The expressway going through Dak Nong and Binh Phuoc has a length of just over 200km with up to six lanes and a maximum speed limit of 100km per hour.

The western cluster of the North-South Expressway has a total length of around 900km and the total investment capital of almost $7.4 billion. The construction of the full length is expected to be completed by 2030.

After 2030, the project will gain an additional four-lane section of 280km.