Elevated highways stretching 34.5km in Vietnam's Ho Chi Minh City may be developed at US$2.68 billion. The Prime Minister and the Ministry of Transport are tweaking the project in a move to lure investors. None have come forward at present.
November 30, 2012
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Elevated highways stretching 34.5km in Vietnam's Ho Chi Minh City may be developed at US$2.68 billion. The Prime Minister and the Ministry of Transport are tweaking the project in a move to lure investors. None have come forward at present.
The cost of the first section of Vietnam’s Bien Hoa-Vung Tau highway, a 47km stretch in the Southern Key Economic Zone, will be around US$355 million.
Vietnam’s transport ministry said the total cost of the entire 70km motorway will come in at $1.03 billion. The government considers the zone to be the country’s engine of growth, accounting for 60% of Vietnam’s industrial production by value and 70% of export revenue.
The zone consists of eight localities - Ho Chi Minh City (formerly called Saigon), Bi
A series of major highway and road projects have been proposed for Vietnam. Investors have submitted a proposal to build North-South road costing an estimated US$383.8 million. Another proposal has come from the Project Management Board 85 to develop Bien Hoa-Tan Thanh-Cai Mep Seaport expressway, with an estimated cost of $591.5 million.
