The Ministry of Transport recently agreed with the My Thuan Project Authority about the draft policy framework on trial investment in the My Thuan - Can Tho Highway Project using state and private capital.
The highway will span 32.3km with four lanes and 12 flyovers and meet grade-A standard, which allows drivers to run 100km per hour.
Cuu Long CIPM will direct investors to set up a PPP business for investment in the project.
Cuu Long CIPM will also mortgage the right to collect toll for the Can Tho Bridge to raise 30 percent of capital for the project.
It is predicted that 40,000 vehicles will run along the highway every day in 2015.
Construction will take place from 2011-2016, at a total cost of VND6,084 billion.