Vietnam sets highway plan of action

Additional funding is being sought for the third stage of a project that will upgrade the 3,010km Ho Chi Minh Highway in Vietnam. The third phase of the project has an estimated investment capital of some US$14.7 billion and foreign and local investors are being invited to invest in the road through different funding structures. The funding models will include the proven build-transfer-operate (BTO), build-transfer (BT) and build-operate-transfer (BOT) systems, with from 20%-30% of the funding to come from
May 28, 2012 Read time: 2 mins
RSSAdditional funding is being sought for the third stage of a project that will upgrade the 3,010km Ho Chi Minh Highway in Vietnam.

The third phase of the project has an estimated investment capital of some US$14.7 billion and foreign and local investors are being invited to invest in the road through different funding structures.

The funding models will include the proven build-transfer-operate (BTO), build-transfer (BT) and build-operate-transfer (BOT) systems, with from 20%-30% of the funding to come from Vietnam's State budget.

Planned highway sections include the 282km Khe Co-Cam Lo stretch and the 322km Cho Ben-Khe Co section and these will be developed starting 2025. Other planned sections include 102km Cay Chanh-Chon Thanh stretch, the 63km Chon Thanh-Binh Phuoc stretch and intersection and a 160.4km section for Chon Thanh-Duc Hoa-My An. These are planned for the 2020-2025.

Meanwhile the 143km Binh Ca-Son Tay-Cho Ben section and 392km Tum-Gia Lai-Dak Lak-Dac Nong section will be developed between 2015 and 2020. Three four-lane highway road sections include the 182km Cam Lo-Tuy Loan, the 53.4km Lo Te-Rach Soi stretch and the 76km My An-Lo Te section, which will be developed from now until 2015.

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