Refinancing sought for Vietnamese road project

Increases in the cost of materials have caused problems for a road construction project in Vietnam.
February 20, 2012 Read time: 1 min
Increases in the cost of materials have caused problems for a road construction project in Vietnam. The 56km Gie Ninh Binh highway project is envisaged as a six lane link, featuring three lanes in either direction. The project was originally expected to cost US$338 million. However, increases in materials prices have seen the cost of the project jump to $460 million. The project is being carried out by 2829 Vietnam Expressway, a company operated by the Vietnamese Government. As this business is encountering debts, a financial solution is being sought by the Vietnamese Government.

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