Vietnam pushes ahead with road programme

Plans are in hand for a groundbreaking ceremony on Vietnam's Ben Luc-Long Than expressway during July-September 2011.
February 29, 2012 Read time: 2 mins
Plans are in hand for a groundbreaking ceremony on Vietnam's Ben Luc-Long Than expressway during July-September 2011. The project is expected to cost in the region of $1.6 billion, with $337 million for people's relocation and site clearance coming from Vietnam's Government.

Meanwhile the 2416 Japan International Cooperation Agency will provide an investment of $635 million. The 943 Asian Development Bank (ADB) will loan $635 million for the 57.8km expressway. The work on the highway will take four years. In addition, work is now to proceed on the Tan Son Nhat-Binh Loi road project in Vietnam. Financing from the Xi Grand Court project will be transferred to the development of Tan Son Nhat-Binh Loi outer road (TSB road).

Approval from the government for South Korea's GS Engineering & Construction to transfer the project has been conveyed by the Ho Chi Minh City's People's Committee. The beltway will be able to connect Thu Duc district with Tan Son Nhat airport. Initially, GS Engineering & Construction was supposed to provide US$340 million for the beltway.

Meanwhile 2560 Vietnam's Ministry of Transport will be working with 3383 Korea Eximbank on several transport infrastructure projects. The loans include $100 million for the Vinh Thinh bridge project, $200 million for the Vam Cong bridge project and $120 million to build the southern coastal corridor road route.

For more information on companies in this article

Related Content

  • New Zimbabwe highway upgrade being planned
    August 24, 2016
    Plans are in hand for road widening work and surfacing upgrades for a key route crossing Zimbabwe. The highway upgrade is being carried out by a joint venture partnership between Chinese firm China Harbour Engineering Company (CHEC) and Austrian Company Geiger International. This follows agreements being reached between the joint venture partners and the Zimbabwe Government. The work is needed as the existing road links along the route are unable to cope with that current traffic volumes that include a high
    Read More
  • Develop the Silk Roads, boost economic growth
    April 12, 2012
    Tony Pearce, honorary life member and former director-general of IRF Geneva, recalls the history of the Silk Roads, highlights their continued economic relevance and introduces IRF's active long-term commitment to their rehabilitation.
    Read More
  • Major highway projects awarded in Vietnam
    August 19, 2014
    A new four lane highway is planned in Vietnam, linking the city of Da Nang and Thua Thien-Hue Province. This 77km highway is due for completion by 2016. Vietnam’s Ministry of Transport of has awarded build-transfer-operate (BOT) contracts worth some US$540.5 million for the the La Son-Tuy Loan Expressway project.
    Read More
  • Key Russian road construction complete
    December 5, 2016
    Construction work on the Central Section of Russia’s Western High-Speed Diameter (WHSD) in St Petersburg is complete, with some small detail work now being finished off. The WHSD connects the Southern, Central and Northern sections of St Petersburg and will open to traffic at the end of December. VTB Capital was a key participant in funding the construction of the Central Section and is a major shareholder in the consortium that will operate the entire WHSD route.
    Read More

Highlighted Content