Vietnam’s key highway project receiving initial funding

Funding from the World Bank will help with the development of Vietnam’s North-South Expressway project. The Vietnamese Government has sourced US$214 million for the project already from its own funds. The highway will stretch 654km across the country, speeding transport and helping develop trade and tourism. Because of the project’s scale, the work is being split into 11 separate stretches and should be complete by 2025.
November 15, 2018 Read time: 1 min

Funding from the 2332 World Bank will help with the development of Vietnam’s North-South Expressway project. The 983 Vietnamese Government has sourced US$214 million for the project already from its own funds. The highway will stretch 654km across the country, speeding transport and helping develop trade and tourism. Because of the project’s scale, the work is being split into 11 separate stretches and should be complete by 2025.

Meanwhile Vietnam will help with $40 million of financing for the My Thuan-Can Tho expressway project in Myanmar. The aim is for the route to connect with Vietnam’s own Ho Chi Minh City-Trung Luong Expressway. The My Thuan-Can Tho Expressway project will be built under the build-operate-transfer model.

Road Structures Finance & Funding

For more information on companies in this article

Related Content

  • Highway developments to boost east-west transport
    February 16, 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
    Read More
  • Zimbabwe highway project faces delay
    July 12, 2018
    The project to build Zimbabwe’s crucial north-south highway link is facing delays, with the contract now having to be re-awarded. The tender was originally awarded to an Austrian firm, Geiger International, but with progress having proven very slow this has been withdrawn. The deal has not yet been re-awarded. But the Zimbabwe Government is at present in discussions with the second bidder from the original tender process, Anhui Foreign Economic Construction Group Limited (AFECC), over the contract. The hig
    Read More
  • Vietnam plans bridge link upgrade
    July 10, 2017
    A bridge project is being planned in Vietnam’s Ho Chi Minh City that will span the Saigon River. The project is for the Thu Thiem 4 Bridge, which will measure 2.16km and connect District 2 with District 7.
    Read More
  • Nepal plans road infrastructure expansion
    March 12, 2014
    Major road expansion is planned for Nepal, but will face huge challenges due to the country’s geography - Mike Woof reports, with local information from World Highways' Nepal correspondent, Ram Krishna Wagle The tiny, landlocked nation of Nepal lies sandwiched between two of the world’s largest countries, China and India and maintains good relations with both. Politically Nepal has strong links with China, while culturally its ties are close with India and these relationships work both ways. Despite bein
    Read More

Highlighted Content