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

  • Camso sets up operations in Vietnam
    May 25, 2016
    Tyre manufacturer Camso, formerly Camoplast Solideal, has opened a plant in Vietnam to cover the Asian material handling market. “This new 23,000m2 manufacturing facility is a commitment to being the best partner for our original equipment manufacturers and aftermarket customers of the Asian market,” said Jean-François Ferland, vice president and general manager of material handling at Camso, based in the Canadian province of Quebec. “The facility is an investment to grow our leadership position in the m
    Read More
  • Myanmar’s international connections with neighbours
    April 6, 2018
    A major road development will be the establishment of a new link connecting Myanmar with other countries in South East Asia. The new highway will allow drivers to travel from Myanmar to Thailand as well as Vietnam and Cambodia. A loan worth US$144.3 million from Thailand will help pay for the section of the route in Myanmar between Dawei and Hteekee. Once complete the highway will connect Ho Chi Minh City in Vietnam with Siem Reap and Phnom Penh in Cambodia and Kanchanaburi and Bangkok in Thailand. Called
    Read More
  • Times they are a changing
    July 23, 2012
    Construction in China still appears to be on course for growth even with the gloomy economic outlook, as it enjoys "a strong budgets position." Patrick Smith reports One thing is certain in the current global economic climate: nothing is certain. And while China has not been unaffected by the economic events of recent months it has, according to Robert Zoellinck, president of the World Bank, a very strong current account and budgetary position. For some years, the nation has enjoyed double digit growth (the
    Read More
  • Silk Road: 'viable alternative'
    April 4, 2012
    The final results of the International Road Transport Union's (IRU) New Eurasian Land Transport Initiative (NELTI)-Phase 2 have confirmed road trade links between Europe and Asia as an economically-attractive and viable alternative to traditional, saturated maritime trading routes. This was unveiled at the recent 6th IRU Euro-Asian Road Transport Conference and Ministerial Meeting held in Tbilisi, the Georgian capital, which concluded that removing the remaining procedural impediments at borders and deve
    Read More

Highlighted Content