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

  • Road rebuilding and rehabilitiation revitalising Rwanda
    October 4, 2013
    In Rwanda a road rehabilitation project will see the rebuilding of the route connecting Huye and Kitabi. The work on the 53km road will be supervised by Rwanda’s Ministry of Infrastructure and is due for completion by 2017. A loan worth SU$10 million from the Arab Bank for Economic Development (Badea) will help to finance the work on the road, which lies in Rwanda’s Southern Province. Badea is a financial institution owned by 18 Arab countries members of the League of Arab States (LAS). In all, the project
    Read More
  • Burundi’s bridge lifeline project
    April 23, 2025
    Burundi’s new road bridge project will provide a key lifeline.
    Read More
  • Highway developments to boost east-west transport
    April 4, 2012
    Huge highway developments are being planned and carried out to further improve East-West transport, with Central Asia a key region as Patrick Smith reports History was made in late 2010, when one of the biggest road building projects ever envisaged in Eastern Europe was given the green-light. It was the occasion when Russian president Dmitry Medvedev signed a law that would allow his country to build its segment of a huge highway around the Black Sea. The idea is to complete the 7,140km highway, wi
    Read More
  • Vietnam's Ho Chi Minh City to introduce congestion charging
    May 29, 2012
    Vietnam intends to set up an electronic network that will charge vehicle drivers to enter the centre of Ho Chi Minh City. Congestion is a major problem in the city and the authorities wish to help tackle the issue and allow better traffic flow. The electronic congestion charging system will be installed on roads at Districts 10, 3 and 1 and Ho Chi Minh City will the first in Vietnam to adopt such an approach.
    Read More

Highlighted Content