Vietnam plans new roads for Hanoi city

Funding from South Korea will help finance work on a key road link for the Vietnamese city of Hanoi. The state-run Export-Import Bank (EXIM) of Korea will provide loans worth up to US$200 million to build the 17.85km road, which will connect Hanoi to a nearby industrial area. The four lane road will link the Nhon Trach industrial complex with Ho Chi Minh (HCM) City. The EximBank’s economic development cooperation fund is supplying the loans. In all the road project is likely to cost some $430 million, with
September 12, 2013 Read time: 1 min
Funding from South Korea will help finance work on a key road link for the Vietnamese city of Hanoi. The state-run 1290 Export-Import Bank (EXIM) of Korea will provide loans worth up to US$200 million to build the 17.85km road, which will connect Hanoi to a nearby industrial area. The four lane road will link the Nhon Trach industrial complex with Ho Chi Minh (HCM) City. The EximBank’s economic development cooperation fund is supplying the loans. In all the road project is likely to cost some $430 million, with private sources providing the remainder of the sum necessary. The project will be a public-private partnership.
Road Structures

For more information on companies in this article

Related Content

  • Key highway projects planned for Vietnam
    April 5, 2012
    Vietnam's new highway projects Key highway projects are being planned in Vietnam including the Ninh Binh-Thanh Hoa Expressway, which will run for 127km and is expected to cost US$1.6 billion to construct.
    Read More
  • Key highway projects planned for Vietnam
    February 22, 2012
    Vietnam's new highway projects Key highway projects are being planned in Vietnam including the Ninh Binh-Thanh Hoa Expressway, which will run for 127km and is expected to cost US$1.6 billion to construct.
    Read More
  • Last link in Vietnam’s North-South Expressway
    May 3, 2024
    The Chi Lang-Huu Nghi section is the last part of the 2,060km-long expressway that connects the southern Mekong Delta with the northern province of Lang Son, bordering China.
    Read More
  • Vietnam's mighty road budget
    February 7, 2012
    A massive budget for highway construction and upgrading is being set in place by the Vietnamese authorities. In all some US$18.73 billion is being set aside for the construction and development of Vietnam's expressway system.
    Read More

Highlighted Content