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.
Vietnam’s Dung Quat-Sa Huynh road project, on which initial works are being carried out, will receive additional funds for land clearance and construction. The cash injection increases the amount invested in the project in Quang Ngai Province to more than US$267.68million (VND 5.60tn).
The Japanese SE Group is working on a new road project in Vietnam. The 25km highway is costing some US$476 million to construct, with some 60% of the funding coming from the JBIC Bank and SE Group providing around 20%. The rest of the funding will be provided by official development assistant capital. This new road will provide a link from the city of Halong in Vietnam's Quang Ninh province to the Hanoi-Haiphong highway project.
The National Road Maintenance Fund of Vietnam requires over US$332 million (VND 7 trillion) to upgrade and fix roads in 2014, according to Le Hoang Minh, chief of the Fund’s Central Council. Of the total, almost $255.1 million (VND 5.4 trillion) will be used to upgrade and manage national highways, while the remainder will be allotted to cities and provinces to upgrade and maintain roads. Vehicle registrations are foreseen to contribute $217.31 million (VND 4.6 trillion) to the total amount required, with t
A joint venture between Phuong Thanh Investment and Construction (Phuong Thanh) and Cong Thanh Investment and Construction (Cong Thanh) has received an investment licence from Quang Ninh province, Vietnam to upgrade the National Highway 18's Ha Long-Mong Duong section.
