Huge investment for Vietnam transport

The authorities in Vietnam have identified the need for major investment in road infrastructure in Ho Chi Minh City. To bring the city’s transport infrastructure up to the necessary standard, some US$4 billion will be required/year over the next 10 years, according to local officials.
August 6, 2012 Read time: 2 mins

The authorities in Vietnam have identified the need for major investment in road infrastructure in Ho Chi Minh City. To bring the city’s transport infrastructure up to the necessary standard, some US$4 billion will be required/year over the next 10 years, according to local officials. Before 2020 the authorities intend to spend some $39 billion on transport. This plan includes a series of elevated roadways and beltways, as well as $10 billion for five new subway lines. The planned investment represents a major increase in transport spending for Ho Chi Minh City. A budget of $500 million/year has previously been set for traffic infrastructure investments. But to meet the planned targets Ho Chi Minh City, will require funding from other sources. These financial sources may include ODA loans and build-transfer or build-operate-transfer models for projects. The city's action plan requires a highway network that will improve links with surrounding regions. There are plans to build two beltways, overpasses and the Saigon 2 Bridge across the Saigon River. 6314 Transport Engineering Design Incorporation (TEDI) intends to construct a 340km highway that will connect Hanoi with neighbouring towns and smaller cities. This project is expected to cost $4.13 billion.

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