Vietnam’s transport gain from major road project

Vietnam’s North-South Expressway project will boost transport for both goods and passengers. This is the finding of a report from Vietnam's Transport Ministry. According to the report, demand to move goods along the route will climb to 62.3 million tonnes/year by 2020. Meanwhile the report says that the route will handle up to 45.4 million passengers/year by 2020. Because of its importance to the Vietnamese economy, the Ministry of Transport is highlighting that the country cannot allow the project to suff
November 15, 2017 Read time: 1 min

Vietnam’s North-South Expressway project will boost transport for both goods and passengers. This is the finding of a report from Vietnam's Transport Ministry. According to the report, demand to move goods along the route will climb to 62.3 million tonnes/year by 2020. Meanwhile the report says that the route will handle up to 45.4 million passengers/year by 2020.

Because of its importance to the Vietnamese economy, the Ministry of Transport is highlighting that the country cannot allow the project to suffer any delays in its construction. In all the 654km project is expected to cost US$5.23 billion between 2017 and 2020 and the work will be split into 11 different sections. A combination of government bonds and private investment will pay for the project, which will be handled under the PPP model.

Road Structures

Related Content

  • EU transport to grow until 2020
    September 3, 2012
    A study indicates that road transport for passengers and goods will keep its pivotal role among other modes like rail or inland waterways
    Read More
  • Central Asia’s need for improved transport infrastructure
    October 5, 2018
    Central Asia has a need for improved transport infrastructure to help develop economies - Gordon Feller reports
    Read More
  • Vietnam expressway deal progressing
    June 14, 2018
    Plans for Vietnam’s North-South expressway are progressing, with work moving ahead for key portions of the route’s eastern spur. A feasibility study has been carried out for the 29km Nha Trang-Cam Lam stretch, which is planned as a PPP project and is expected to cost around US$225 million. Feasibility studies for a further five portions of the North-South expressway are being carried out and should be ready shortly, with three feasibility studies already having been accepted in May 2018. Construction work f
    Read More
  • Cost increases for major Chilean highway project
    November 15, 2013
    The cost of Chile’s Vespucio Oriente highway project is increasing, while its completion also looks set to be delayed. A 13% budget increase is now required due to additional costs from a number of factors such as urban landscaping, according to Business News Americas. The Américo Vespucio Oriente (AVO) expressway is being built in Chilean capital Santiago and was originally expected to cost in the region of US$940 million. However Chile’s Public Works Ministry, MOP, has said that the route will now cost so
    Read More

Highlighted Content