Work begins on Vietnam’s Long Van-Long My road project
Work has begun on the Long Van-Long My road in Vietnam's Binh Dinh province. The US $47.71 million project (VND 995bn), due for completion in 2015, will create a 7km road connecting National Highways 1D and 1A in Quy Nhon town.
August 28, 2012
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Work has begun on the Long Van-Long My road in Vietnam's Binh Dinh province.
The US $47.71 million project (VND 995bn), due for completion in 2015, will create a 7km road connecting National Highways 1D and 1A in Quy Nhon town.
Financial close has been reached for expansion of the A9 motorway near Amsterdam in the Netherlands.
BNG Bank, DZ BANK, ING, KBC, SMBC and Société Général have made available a short-term debt of US$174 million (€140 million) and half of the long-term debt of nearly $509 million (€410 million). The European Investment Bank will provide the other half of the long-term debt.
Mott MacDonald is the lenders’ technical advisor to the consortium IXAS Zuid-Oost, which has the public-private contract to expand
Vietnam is taking steps to address its high rate of road crashes, as well as the rate of serious injuries and deaths amongst road users. The rate of crashes in capital Ho Chi Minh City (HCMC) is of particular concern, with the authorities keen to reduce the human toll. So far in 2016, HCMC has seen 2,919 reported road crashes. There were 607 road deaths in HCMC during this period as well as 2,377 serious injuries. This represents an 8.8% increase from the same period in 2015. Poor driving and insufficient e
