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

  • Vietnam’s North-South Expressway tenders open
    October 1, 2019
    A series of tenders are opening for Vietnam’s landmark North-South Expressway project. Eight sections of the route are being opened for bidding, with these being planned under the build-operate-transfer model. Financing for these eight stretches will be provided by a combination of bank loans, private investors and government funding. The winning bids should be revealed in early 2020. In all the North-South Expressway is expected to cost nearly US$4.3 billion.
    Read More
  • Vietnam’s US$1.6 billion key road projects
    October 7, 2024
    Vietnam is investing US$1.6 billion for four key road projects.
    Read More
  • Vietnam’s north-south highway project gathers pace
    May 26, 2017
    The proposed north-south highway project in Vietnam is gaining traction, with financing options now being considered. The Vietnamese Government is investigating a suggestion by the country’s central bank that local funding could pay for the building of the 1,372km route. However securing financing from the private sector for major projects has become more difficult in recent times. The project is expected to cost in the region of US$13.9 billion to construct and looks likely to be built using a PPP model.
    Read More
  • Saudi Arabian capital Riyadh benefiting from major transport investment
    September 9, 2013
    Saudi Arabia is undergoing a series of upgrades to its transport network in a bid to improve Traffic flow rates and boost safety - Mike Woof reports. The massive growth in the use of motor transport worldwide since the start of the 20th century has transformed every country on the planet. But perhaps no country has changed more dramatically than Saudi Arabia, the world’s leading oil producer. At the start of the 20th century Saudi Arabia’s population was small and the country had few industries while it is
    Read More

Highlighted Content