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

  • Sri Lanka road financing deal agreed
    June 4, 2015
    A financing deal has been signed for a series of major road projects in Sri Lanka. A second loan facility worth US$107 million has been agreed between the Sri Lankan Government and the Asian Development Bank (ADB). This loan facility will be used to finance road upgrade projects in Sabaragamuwa Province, North Western Province, Western Province, North Central Province and Central Province. This loan forms part of the $800 million Integrated Road Investment Programme planned by the Sri Lankan Government. The
    Read More
  • Key project for India
    February 15, 2012
    In India a major highway deal has been agreed for a road project in Gujarat worth an estimated US$810.8 million.
    Read More
  • Tolling - a way ahead for the US?
    February 17, 2012
    IBTTA president Frank McCartney has urged US Congress to remove the barriers to tolling and expand the TIFIA program.
    Read More
  • IRF hosts high-level debate on the Belt & Road Initiative (BRI) at ITF Summit 2019
    August 12, 2019
    HE Mehmet Cahit Turhan, minister of Transport and Infrastructure of Turkey, opened with a keynote address at the session on "The Belt & Road: Bridging the gaps for sustainable transport and growth in EurAsia". This was organised by the International Road Federation (IRF) on 22nd May 2019 at the ITF Summit 2019 in Leipzig. The panel included top representatives from the World Bank, BSEC, AIIB, IATA, Michelin and PwC and offered a deep insight into key topics surrounding the BRI. Organised jointly with th
    Read More

Highlighted Content