Vietnam plans highway building

Vietnam Expressway Corporation (VEC) reports strong interest in for the 58km Ben Luc-Long Thanh expressway project.
February 24, 2012 Read time: 1 min
2829 Vietnam Expressway Corporation (VEC) reports strong interest in for the 58km Ben Luc-Long Thanh expressway project. The road will cost US$1.6 billion to construct. The work on the expressway will be funded by 943 Asian Development Bank (ADB) and 2416 Japan International Cooperation Agency (JICA). JICA will fund construction of two bridges crossing the Soai Rap River and Long Tau River, with the work worth $635 million. Meanwhile ADB will fund roads and viaducts construction worth some $636 million. Also in Vietnam, the 56km Cau Gie-Ninh Binh highway project requires a further $168.2 million for work to be completed. 2560 Vietnam's Ministry of Transport says that the project is 84% complete. The cost of the work has increased due to factors such as climbing materials prices.
Road Structures

For more information on companies in this article

Related Content

  • Funding for key Russian highway projects
    May 10, 2012
    A notable partnership deal looks set to provide funding for key Russian highway projects. A memorandum of cooperation has been signed between the state-owned Russian Highways (Avtodor) and the European Bank for Reconstruction and Development (EBRD). Under this deal the EBRD may provide loans to Avtodor, redeem bonds, or co-operate on concession agreements. This funding stream will allow Avtodor to implement its key PPP projects. Avtodor and the EBRD have been discussing the highway linking Moscow with St Pe
    Read More
  • Ethiopia announces three road projects worth over $240 million
    April 17, 2015
    In Ethiopia, three road projects worth over US$240 million will be built as part of the country's fourth road sector development plan. The government will fund the projects using its own resources. The first project is the 83km Sodo-Tercha asphalt-concrete project, costing around $84 million and to be built by China Railway Seventh Group. Completion is scheduled for 19 months. The second project, worth $102 million is the 99km Bilbela-Sekota road project, scheduled to take 39 months and to be built
    Read More
  • Cambodia planning new highway
    December 14, 2015
    Plans are being made in Cambodia for a new tolled highway connecting Phnom Penh with the Vietnamese border at Bavet. The route for the highway is being planned by Cambodia’s Ministry of Public Works and Transport. Input for the project is being provided by the Japanese International Cooperation Agency (JICA). The new highway will cut travel time between Phnom Penh and Bavet to two hours, compared with up to five hours using the current road. The project will cost US$2.5 band should be completed in 2033. The
    Read More
  • Japanese input to Uganda/Philippines
    February 29, 2012
    Japanese funding is helping pay for a key bridge replacement project in Uganda and road development in the Philippines.
    Read More

Highlighted Content