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.
Funding from the Middle East looks set to help develop new Indian highway projects. Some $15.6 billion from the Abu Dhabi Investment Authority (ADIA), a UAE-based sovereign wealth fund, will be directed towards highway projects in India. This will be used for 50 highway projects in India on a toll-operate-transfer (TOT) basis. The Indian Government is planning to award 104 highway projects under the TOT model that will allow investments by private equity firms, infrastructure developers and institutional in
The Indian Government has announced plans to build 7,300km of roads and 48 bridges. The programme is being handled by India's Ministry of Road Transport and Highways and is called the Road Requirement Plan (RRP) Phase-2. The new roads will be constructed in the so-called ‘red zone’. The project is expected to cost some US$1.72 billion, and it will include the construction of roads, highways and 48 bridges. The ‘red zone’ areas have been affected by left wing extremism, namely the Naxalites. As of January 20
Two major infrastructure projects in Bangladesh are experiencing rather different fates at present. A lack of suitable funding has resulted in the US$705 million Karnaphuli river tunnel project coming to a grinding halt. However the $1.53 billion contract for the Dhaka to Ashulia highway has now been awarded to the Chinese firm, China National Machinery Import and Export Corp (CMC). Chinese funding is intended to pay for the Karnaphuli Tunnel, but has so far been delayed and the Chinese contractor awarded
Russia is rolling forward with a massive programme of road building and reconstruction. The plans call for some 5,700 km of federal highways to be repaired by 2017. At present, only 38% of Russia's roads are in good condition and this has been identified as a key priority for improvement by the country's Government.Meanwhile the authorities in the Russian city of St Petersburg have a target infrastructure investment programme for 2012 as well as plans for 2013 and 2014
