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

  • Tunisian road projects being planned
    February 15, 2016
    Tunisia’s road network looks set to expand now that new funding has been secured. The Tunisian Assembly of the Representatives of the People has agreed two loans from the African Development Bank (ADB) worth a total of nearly US$208 million. These loans are to be repaid over 20 years and will help fund road infrastructure developments for the 2016-2020 period. The work will focus on upgrading classified roads. This includes renovating 719km of roads, building 23 bridges and constructing a 7.3km-long bypass
    Read More
  • Sri Lanka rural road programme developed
    December 1, 2017
    Sri Lanka is setting out plans for improvements to around 3,400km of rural roads. The work will largely be paid for through a loan from the Asian Development Bank (ADB). The work will cost US$172.1 million in all, of which $150 million will be in the shape of the ADB loan and the remaining $22.1 million coming from the Sri Lankan Government budget.
    Read More
  • India’s new highway projects finding funding
    October 20, 2016
    Funding has been found for a major highway project in India. The Asian Development Bank (ADB) is providing a substantial portion of the US$846 million of financing required for the 800km Visakhapatnam-Chennai Industrial Corridor (VCIC). In all the ADB will provide $631 million in the form of a series of grants and loans, which will be delivered in stages. Meanwhile the Indian Government will provide $215 million. The VCIC itself forms part of the 2,500km East Coast Economic Corridor (ECEC).
    Read More
  • Pavers produce on Chinese road building project
    May 19, 2015
    Volvo tracked pavers are helping China meet its ambitious programme of building 10,000km of roads annually. China’s ambitious road building programme is seeing over 10,000km of new highway being completed every year. Productivity, reliability and good uptime of equipment are key to this programme being achieved. And to the north of Xi’an, four Volvo Construction Equipment (Volvo CE) ABG8820 tracked pavers recently worked 14 hours/day paving the final layer of asphalt on a new highway. This 96km route opened
    Read More

Highlighted Content