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.
The Chi Lang-Huu Nghi section is the last part of the 2,060km-long expressway that connects the southern Mekong Delta with the northern province of Lang Son, bordering China.
Vietnam is considering selling its ownership in several major highways to help pay for more road projects.
The Ministry of Transport (MoT) recently said that the government’s infrastructure investor body Vietnam Infrastructure Development and Finance Investment (VIDIFI), would sell 70% of its ownership in the Hanoi–Hai Phong Highway project to a buyer from India.
The move is part of a strategy that could see Vietnam sell off more of its investment in highway projects, either under construction or complete
