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

  • Rwanda highway Rwanda's major highway construction aids regional integration
    April 16, 2012
    Shem Oirere reports on plans for a major highway to Rwanda to other parts of Africa Construction of a 78km highway stretch that links Rwanda to the rest of Eastern Africa will start in May. State Minister in Charge of Transport Dr Alex. Nzahabwanimana said the contract for the US$54 million project has already been awarded to German construction company Strabag International.
    Read More
  • Asset management can be optimised with new technology
    August 22, 2013
    An array of asset management technologies and capabilities are now available to help clients optimise infrastructure assessments. Global survey and geotechnical group, Fugro, has signed a multi-year agreement with Dutch pavement consultant, KOAC•NPC. This move will see the firms combine capabilities to undertake highway surface condition contracts in the Netherlands. Under the agreement, Fugro will collect surface condition data using its ARAN road scanning vehicle. KOAC•NPC, will carry out the post pro
    Read More
  • TRA 2014 showcases the best of cutting-edge transport research and thinking
    July 1, 2014
    Despite tight finances due to the current global economic climate, the recent Transport Research Arena (TRA) 2014 show in Paris showed how innovative transport research, largely using cutting-edge ITS, is creating safer and smarter highways of the future. Guy Woodford reports How far can you drive around a car race track with no other vehicles on it on half a glass of fuel while attempting to maintain a speed of 60kph? After taking up the challenge offered by the Eco Driving Simulator using SiVIC (Simulatio
    Read More
  • Ethiopia’s building roads
    November 29, 2013
    Ethiopia is set to benefit economically from investment in a number of new key road links totalling over US$1 billion. The east African nation’s 218km Modjo-Hassan highway is expected to cost US$720 million to construct. The highway will be constructed in two stages. The first section of the route will stretch 93km from Modjo to Zeway and is expected to cost $350 million to complete. The second section of the highway will be 125km long and link Zeway with Hewassa and this stretch is estimated to cost $370
    Read More

Highlighted Content