Japanese funding for Vietnam link

The Japanese SE Group is working on a new road project in Vietnam. The 25km highway is costing some US$476 million to construct, with some 60% of the funding coming from the JBIC Bank and SE Group providing around 20%. The rest of the funding will be provided by official development assistant capital. This new road will provide a link from the city of Halong in Vietnam's Quang Ninh province to the Hanoi-Haiphong highway project.
April 19, 2012 Read time: 2 mins
RSSThe Japanese 5055 SE Group is working on a new road project in Vietnam. The 25km highway is costing some US$476 million to construct, with some 60% of the funding coming from the JBIC Bank and SE Group providing around 20%. The rest of the funding will be provided by official development assistant capital. This new road will provide a link from the city of Halong in Vietnam's Quang Ninh province to the Hanoi-Haiphong highway project.

Meanwhile, Long An province in Vietnam will see US$2.77billion spent on constructing and improving its inner waterway and road infrastructure over the next eight years.

The Provincial Peoples’ Committee (PPC) revealed that the major capital project will include the construction of bridges and roads linking central areas and towns with the new roads stretching around 400km, and new dredge waterways spanning 600km on the Chanh, Thu Thua, Bac Dong and Tra Cu canals by 2015.

Small wharves and Long An Port will also be established under the project.
The work will be financed by state bonds, the provincial budget, private capital investors and FDI.

According to the PPC, the projects will run under the models of build and transfer as well as build, operate, transfer.

For more information on companies in this article

Related Content

  • Russia’s trans-continental route
    August 10, 2018
    Russia is spending US$10 billion on building a 2,000km section of road connecting China with the EU – Eugene Gerden reports Russia has now started building a 2,000km section of a new transcontinental route, which will connect China and the EU. According to senior officials from the Russian Ministry of Transport, which is implementing the project, the new road, will be known as the Meridian and will stretch through the Russian territory that borders with Kazakhstan and Belarus. This route forms the Russian
    Read More
  • Russia new programme for developing high-speed roads
    January 14, 2019
    Russia has approved a new state programme for the development of its high-speed road network – Eugene Gerden reports The Russian government has officially approved a new state programme, which is aimed at developing the federal high-speed road network in the country. This programme will run until 2030, according to recent statements by the official state press-service. According to some leading Russian experts in the roadbuilding sector, the need to implement these plans is acute. At present the tota
    Read More
  • Expressway could link Ho Chi Minh City with Cambodian border
    June 18, 2015
    Vietnam’s Cuu Long Transport Infrastructure Management Investment and Development Corporation - Cuu Long Transport – is seeking approval for an expressway linking Ho Chi Minh City and the Cambodian border. Stage one of the US$1.38 billion project would be just over 55km costing around $670 million with a second 38km stage costing $718 million and to include viaducts. Cuu Long hope to raise cash through government agencies as well as loans from the Asian Development Bank for the expressway that would b
    Read More
  • Vietnam: work on Phuoc Khanh cable stayed bridge to begin in August
    June 22, 2015
    Work on Vietnam’s 3.1km Phuoc Khanh cable stayed bridge will start in August after a deal was signed with the government in June. The contract was signed by the Vietnam Expressway Corporation and a consortium made up of Japanese contractor Sumitomo Mitsui and local partner Civil Engineering Construction Corporation (Cienco 4). The bridge is part of the 57km Ben Luc-Long Thanh Expressway project running through Long An Province, Ho Chi Minh City and Dong Nai province in southern Vietnam. The highway will a
    Read More

Highlighted Content