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.
A massive budget for highway construction and upgrading is being set in place by the Vietnamese authorities. In all some US$18.73 billion is being set aside for the construction and development of Vietnam's expressway system.
Vietnam is pushing ahead with its road and highway development programme. One crucial project is for the construction of the Ho Chi Minh (HCM) Road project. When complete the route will connect Cao Bang with Ca Mau, with some US$903 million required to finish the work. Around 79% of the 2,744km HCM route is open already, with the road due for completion by 2020. The 98km stretch linking Cam Lo and La Son should be ready in 2019, although work has stopped for the moment on another 289km section of the route
