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

  • Completion date for stretches of Vietnam’s key project
    October 25, 2018
    The completion date has been announced for sections of Vietnam’s key road project. The North-South Expressway project is being built in eight stretches with the work being handled under the PPP model. Vietnam’s transport ministry is aiming for sections of the route to be built by the second quarter of 2020. Funding worth US$5.09 billion has been secured for the project. The North-South Expressway forms a key part in Vietnam’s national road strategy. The plan also includes upgrading, improving and maintaini
    Read More
  • Vietnamese expressway works planned
    May 23, 2022
    New Vietnamese expressway works are being planned.
    Read More
  • US asphalt demand to reach 24.3 million tonnes in 2019
    August 6, 2015
    US demand for asphalt is forecast to increase 3.3% annually to 24.3 million tonness in 2019, the vast majority of which is refined petroleum asphalt, according to a new report. Demand will be spurred by a rebound in building construction, especially for asphalt shingles. But in the much larger market of asphalt paving, gains will be supported by the efforts of state and local governments to maintain the nation’s aging road and highway network. Paving accounted for three-quarters of asphalt use in 2014
    Read More
  • Papua New Guinea’s growing roads funding
    February 21, 2014
    Papua New Guinea will receive an extra US$126.5 million from the World Bank (WB) via its international development association to rehabilitate and maintain the nation’s roads, particularly in coastal provinces. Another $30.5 million is to be provided by the Papua New Guinea government to supplement the projects of the Works Department. The 50km East Coast road in Milne Bay will be upgraded first, with other roads to be identified later. The project covers paid employment for communities who are keen on roa
    Read More

Highlighted Content