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

  • Major road projects for West Africa
    July 6, 2012
    Two major road projects will help connectivity in West African nations. In Cameroon, a loan from China Eximbank will help fund a key expressway project. Meanwhile in Côte d'Ivoire, a new highway will provide a new link to a major port. The US$466 million loan from the Export-Import Bank of China (China Eximbank) will be used to upgrade the expressway linking Cameroon’s two major cities, Douala and Yaounde. Meanwhile Bouygues Travaux Publics is to build a 6.4km stretch of highway in Côte d'Ivoire, in a contr
    Read More
  • Transport plans for Indonesia
    November 28, 2012
    Indonesia’s Government is setting a US$20 billion budget for transport and energy sector development. The Indonesian Government plans to build 559km of new roads as part of a new transport infrastructure programme. Indonesia’s capital Jakarta faces a growing problem due to severe traffic congestion, which is particularly intense at peak periods. Increasing vehicle numbers in the city mean that the existing traffic problem is fast getting worse. The authorities are looking at policies to address the issue.
    Read More
  • Vietnam elevated road works planned
    January 14, 2021
    A series of elevated road works is being planned for Ho Chi Minh City in Vietnam.
    Read More
  • Project plans in Vietnam
    May 30, 2012
    Feasibility studies have been carried out for the No 3 and No 4 beltway projects in Vietnam. The studies were carried out by State-owned firm Transport Engineering Design Inc in the South (TEDI South). These two major beltway projects will require investments pegged at an estimated US$5.35 billion in all and if work goes ahead as planned, the links should be ready for use in 2016. The 148km No 4 beltway will connect Ho Chi Minh City (HCMC) with towns in nearby provinces, such as Ben Luc Town and Trang Bom T
    Read More

Highlighted Content