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.

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