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

  • Ecuador's highway improvements
    February 20, 2012
    Ecuador is investing heavily in its transport infrastructure network at present. The city council in capital Quito says it has plans in hand for around US$579 million worth of road projects in total.
    Read More
  • ADB extends US$252mn loan to fund road construction in five India states
    April 9, 2013
    Philippines-based Asian Development Bank (ADB) has agreed to loan the Indian government US$252 million for key road construction projects. The 25-year loan has a grace period of five years, a commitment charge of 0.15% per annum, and the interest rate will be determined on ADB’s LIBOR-based lending facility. The loan will be used to finance the construction of 3,461km of all-weather rural roads in West Bengal, Odisha, Madhya Pradesh, Chhattisgarh and Assam with the first phase scheduled to complete in Decem
    Read More
  • Vietnam’s North-South Expressway tenders open
    October 1, 2019
    A series of tenders are opening for Vietnam’s landmark North-South Expressway project. Eight sections of the route are being opened for bidding, with these being planned under the build-operate-transfer model. Financing for these eight stretches will be provided by a combination of bank loans, private investors and government funding. The winning bids should be revealed in early 2020. In all the North-South Expressway is expected to cost nearly US$4.3 billion.
    Read More
  • Loan to boost key Nepal road works
    May 29, 2023
    A loan will boost works on a key Nepal road.
    Read More

Highlighted Content