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
Read time: 1 min
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.
Vietnam’s new Ha Long-Van Don highway will cut travel times between Hanoi and the economic zone in Van Don and Ha Long city. The new 60km highway will also cut traffic on National Road 18 and the project is costing some US$650.4 million. The construction work will require 29 months to complete and the project is being handled under the build-operate-transfer model. The Phuong Thanh and Cong Thanh transport construction investment firms will carry out the work.
India’s construction sector is well positioned to take advantage of business opportunities when the government moves to revitalise the frail economy, as visitors to this year’s bC India show will find out.
New roads, power plants, airports and other infrastructure have been promised by India’s Prime Minister Narendra Modi as his Bhartiya Janta Party comes off a May election with a clear majority.
India’s ministry of transport and highways is seeking an additional US$1.17 billion on top of a record spend for road construction and maintenance.
The ministry has already earmarked nearly $11 billion for the year 2015/16.
The government recently announced plans to build a new 600km highway connecting Katra with New Delhi. The route, costing around $2.25 billion, will run through Punjab, Haryana, Jammu and Kashmir states. A consultant is being selected to carry out a feasibility study for the project
The Romanian Prime Minister Victor Ponta has revealed that five consortia have entered bids to land the contract for the construction of the €2.08 billion (RON 9bn) 121km Pitesti-Craiova highway. The deadline for the submission of bids was 8 May 2013. Offers were submitted by a consortium formed by Romanian companies such as Spedition UMB, Tehnostrade and Vectra Service. The other four consortia that filed bids are: Obrascon Huarte Lain/OHL ZS (Spain), China Communications Construction Company/Dogus Insaat
