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

  • Brazil set to upgrade five airports for World Cup
    February 29, 2012
    Brazil's federal government will look to carry out restoration and expansion work at five international airports through concessions and public-private partnerships (PPPs), according to presidential chief of staff Antonio Palocci.
    Read More
  • Sourcing road financing for East Africa’s network expansion
    December 4, 2015
    East Africa’s ambitious road expansion programme is seeing the network expand significantly – Shem Oirere writes The East Africa countries of Kenya, Tanzania, Uganda and Rwanda have announced ambitious road sector expansion plans in the 2015/16 financial year. This is despite their national budgets being weighed down by huge deficits and persisting lack of capacity to spend resources allocated to the sector in previous years. With the huge budget deficits, the countries will have to look for alternati
    Read More
  • The financial cost of crashes in the US
    February 1, 2023
    The financial cost of road crashes in the US places a heavy burden.
    Read More
  • UK awards long-term road comms contract to telent Technology
    December 19, 2017
    UK government agency Highways England has awarded telent Technology Services with a major contract to manage over 30,000 roadside assets including messages signs and cameras. Under the seven-year deal worth around €510 million, telent Technology will run the agency’s National Roads Telecommunications Service in England. The centre connects seven regional control centres as well as the national traffic operations centre.
    Read More

Highlighted Content