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 considering selling its ownership in several major highways to help pay for more road projects.
The Ministry of Transport (MoT) recently said that the government’s infrastructure investor body Vietnam Infrastructure Development and Finance Investment (VIDIFI), would sell 70% of its ownership in the Hanoi–Hai Phong Highway project to a buyer from India.
The move is part of a strategy that could see Vietnam sell off more of its investment in highway projects, either under construction or complete
Close to US$13 billion of road projects are being planned by the authorities in Ho Chi Minh, Vietnam. The Ho Chi Minh (HCM) City Department of Planning and Investment is looking for funding for 19 year road projects. The city is seeking approval to go ahead with urgent public projects, especially those for reducing the impact of flooding and better traffic management. The city authorities are planning the bidding process for the projects, which will be carried out in the build-operate-transfer, build-transf
Construction work on a new elevated highway route through Vietnamese conurbation Ho Chi Minh City is commencing. The project involves building a 30.4km stretch of highway, Elevated Road No5, through the busy metropolis and is expected to cost US$785.25 million. The new four lane road will run above National Highway 1A, with the work forming part of a wider project intended to help reduce Ho Chi Minh City’s chronic congestion problems. In all the city’s road transport department plans to construct five of th
