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

  • Ho Chi Minh City transport plan
    August 10, 2020
    Ho Chi Minh City is developing an extensive transport plan.
    Read More
  • Mostotrest won another tender for building of Moscow-St Petersburg highway
    February 20, 2014
    The award for a key stretch of the Moscow-St Petersburg highway has been awarded - Eugene Gerden writes As expected by analysts, Mostotrest, owned by the Rotenberg brothers, won the tender for the construction of the sixth and longest section of the Moscow-St Petersburg highway. Under the conditions of the tender the company will build 209km of the highway (334-543km), which will pass through the Tver and Novgorod regions of Russia. The cost of construction is 144.6 billion Rubles (US$4.51 billion), 16 bill
    Read More
  • Canterbury, New Zealand’s US$6.62 billion transport plan
    May 7, 2024
    Canterbury, New Zealand sets out a US$6.62 billion transport plan.
    Read More
  • Vietnam sees road safety improvement
    January 20, 2015
    Vietnam has seen steady improvement in road safety, with the number of traffic related fatalities dropping below 9,000 in 2014. This is the first time the country’s fatality rate has dropped below 9,000 for a number of years. Official data shows that some provinces have successfully lowered down the number of traffic accidents by over 20% in 2014, compared with the previous year. In all provinces or cities 10 reported sharp declines; Da Nang, Bac Giang, Lang Son, Ca Mau, Nam Dinh, Cao Bang, Ninh Thuan, Bac
    Read More

Highlighted Content