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.
Work is underway on an important highway improvement scheme in Vietnam. The project involves upgrading the Gia Lai-Binh Dinh section of National Highway 19. The work is being carried out under the build-operate-transfer (BOT) model. The actual construction work is scheduled for completion during 2015. The project is costing US$95 million and involves work to a 56km section of the route. The concession package has been agreed under a 22 year deal.
At least 15 foreign investors will attend a meeting on the construction of the Dau Giay-Phan Thiet expressway in Vietnam, according to the country’s Ministry of Transport's public-private partnership (PPP) department.
The expressway will link the National Highway No 1A in Binh Thuan Province with the under-development HCM City-Long Thanh-Dau Giay expressway.
Moreover, one foreign investor will be selected to partner with local company Bitexco Group to build the project. The project is valued at about
