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

  • €2.27bn UK road investment in 2014 to support over 9,500 construction jobs
    November 11, 2013
    Over 9,500 construction jobs will be supported in 2014 by more than €2.27 billion (£1.9 billion) of investment in Britain’s roads, Transport Minister Robert Goodwill announced today. The total investment in 209 schemes is €5.15 billion (£4.3 billion), with the €2.27 billion to be spent in 2014 more than twice the amount being spent this year. Due to either start or be completed in 2014, these road programmes are estimated to boost the economy by over €22.52 billion (£18.8 billion) and are part of a €119.8
    Read More
  • Revised traffic development plan for Hanoi, Vietnam to cost US$462.52mn
    March 4, 2013
    A new flyover and express bus routes are among revisions to a new traffic development plan for Hanoi City, Vietnam set to cost US$462.52 million (VND9.66tn). The revised plan has been put forward by The People's Committee of Hanoi City.
    Read More
  • India’s poor road safety requires improvement
    September 13, 2016
    The Indian Government has revealed that 146,133 people died in crashes on the country’s roads during 2015. This figure is of concern as it is an increase of 4.6% over India’s road fatality rate of 139,671 for the previous year. Also of concern is the fact that over half of the people who died in crashes were aged from 15-34, revealing that there is a particularly high risk for the young on India’s roads. The data also shows that there were 501,423 reported crashes on India’s road network in 2015, an increas
    Read More
  • Taiwan infrastructure plan for development
    July 23, 2018
    Taiwan has set a US$4.6 billion budget for infrastructure development, with road transport works accounting for 25.8% of the financing.
    Read More

Highlighted Content