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

  • A new tolled highway brings change for Austin, Texas
    February 10, 2020
    A new highway section in Austin, Texas marks a major departure for the southern US city
    Read More
  • Modern road system is 'a must'
    August 2, 2012
    Australia's GDP could see a major increase if traffic bottlenecks in big cities were to be removed, and the government is addressing this as a matter of urgency A modern road system is a must in Australia where it is estimated that the removal of traffic bottlenecks could potentially raise the country's GDP by 0.8%. According to the Committee for Economic Development of Australia (CEDA), which made the prediction, infrastructure bottlenecks (particularly in cities, which account for over 70% of the country'
    Read More
  • Kuwait fund KFAED to contribute to greater Tunis X20 ring road
    March 18, 2015
    The Kuwait Fund for Arab Economic Development (KFAED) is to contribute US$28.5 million towards the X20 ring road of greater Tunis, according to a report in L'Economiste Maghrébin. An agreement was signed on 17 March between Yassine Brahim, the Tunisian minister for development, investment and international cooperation, and Ahmed Al Badr, the managing director of KFAED. World Highways reported in June 2013 that the government was moving ahead with plans for the 80km ring road expected to cost around $365 mil
    Read More
  • Vietnam invests in infrastructure improvements
    May 11, 2012
    Transport Infrastructure Vietnam 2012 has been organised by IQPC in partnership with the local authorities and will be held in Hanoi from 17-18 April, 2012. Further details can be found at www.transportinfrastructure-vietnam.com. A huge investment by Vietnam’s Ministry of Transport will see over US$5 billion spent on the country’s road transport infrastructure by 2020.
    Read More

Highlighted Content