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.
Road building will solve the problem of traffic jams in St Petersburg – Eugene Gerden writes
The authorities in Russian city St Petersburg plan to solve the problem of traffic jams in the city during the next few years. The strategy is expected to be achieved through road building and the improvement of transport connections between different districts in the city.
Implementation of these plans will take place as part of the decree 355 "Of the Strategy of St Petersburg Economic and Social Development
International interest is said to be strong in the tenders for sections of Vietnam’s massive North-South Expressway project. Japanese and Chinese firms have submitted bids for the eight sections of the route now open for tender. In all the expressway will measure some 2,100km in length. The first phase of the project is for 654km of the route with this work being handled in eight separate sections. These contracts will all be handled under the PPP model. The Vietnamese Government will manage a further three
Vietnam’s Dung Quat-Sa Huynh road project, on which initial works are being carried out, will receive additional funds for land clearance and construction. The cash injection increases the amount invested in the project in Quang Ngai Province to more than US$267.68million (VND 5.60tn).
Shaanxi province in China saw a US$1.34 billion (CNY 8.20bn) investment in highway projects in the first six months of 2013, representing 58.6% of the total planned investment of $2.26 billion (CNY 14bn) for the whole of 2013. This year, Shaanxi province authorities aim to start seven highway projects stretching over 565km and continue the construction of nine highways with a total length of 559km.
