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.
Vietnam is taking steps to address its high rate of road crashes, as well as the rate of serious injuries and deaths amongst road users. The rate of crashes in capital Ho Chi Minh City (HCMC) is of particular concern, with the authorities keen to reduce the human toll. So far in 2016, HCMC has seen 2,919 reported road crashes. There were 607 road deaths in HCMC during this period as well as 2,377 serious injuries. This represents an 8.8% increase from the same period in 2015. Poor driving and insufficient e
The local authorities in Ho Chi Minh City are setting plans for the US$229 million project to build the Thu Thiem 4 Bridge. This new link will connect District 2 and District 7 and the project is being handled by investors under a build-operate model. The deal includes arrangements over building plots in Thu Thiem New Urban Area's divisions No 3 and No 4. The bridge will measure 2.16km long and is intended to cut congestion in the city centre and on roads in Thu Duc and Binh Thanh districts to district 7,
China Railway Construction has won tenders worth US$2.68 billion (CNY 16.67bn) to develop Chinese highways.
The projects will be implemented on a build-operate-transfer (BOT) model. These are said to be inclusive of the 63.47km Liaocheng-Xiajin section of the Shandong Deshang highway, the 72.41km Yutai-Jining section of the Xuzhou-Jinan highway, and the 82.79km Xing'an-Ziyuan highway.
