Vietnam needs over US$332mn for roads in 2014, says national funding body

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
April 17, 2014 Read time: 1 min
A busy road in Vietnam’s Ho Chi Minh City – pic courtesy of Sophie Williams
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 the government providing the remainder.
Road Structures

Related Content

  • Salini Impregilo expands in the US with purchase of Lane Industries
    November 12, 2015
    Italian global infrastructure group Salini Impregilo has agreed to buy 100% of Lane Industries, an American highways contractor and the “top private asphalt producer” in the US. Lane, a family-owned business based in Cheshire, Connecticut, was bought for US$406 million and has a turnover of around $1.5 billion. The company has three divisions: asphalt production, road projects and other infrastructure projects, in domestic and international markets. A statement from Salini said Lane is participating i
    Read More
  • Colombian surety insurers to benefit from new highway infrastructure projects
    October 11, 2013
    The Colombian government's recently unveiled infrastructure programme for highway construction over the next 10 years is tipped to raise demand for surety products owing to government contracts requiring surety insurance to protect public resources. Higher demand of these types of P&C insurance coverage will help insurers absorb their fixed costs, thereby improving underwriting results and reducing insurers' reliance on investment yields to sustain their profitability, Moody's has claimed in a report.
    Read More
  • UK authority considers near US$560mn four-year build programme
    April 23, 2012
    Nottinghamshire County Council in the East Midlands region of England is considering a programme of maintenance projects and new building projects worth just under US$560million. The work would take place between 2013 and 2016 and would include a $31.3million project to widen the A453. A further $47million of the building fund could be invested in transport improvements and $18.8million a year may be used for highways maintenance.
    Read More
  • Digital cameras and VMS improve London and Scottish road safety
    March 18, 2016
    London and Scotland are using VMS and digital cameras to successfully lower road deaths. Road safety measures such as variable message signs (VMS) and digital cameras have boosted road safety in the UK capital London and also in the Scottish Highlands. And the systems need not be a drain on electricity supplies. Full matrix driver information signs from SWARCO Traffic, one of the UK’s leading traffic management technology providers, are being installed for the first time across the Transport for London (TfL
    Read More

Highlighted Content