Hanoi considers $55 billion transportation plan

The Vietnamese capital of Hanoi is looking to build 18 bridges and upgrade several city roads into major urban thoroughfares, according the latest transportation development plan. The People's Committee of Hanoi - the city authority – drafted the US$55 billion plan that focuses on all transportation development from now up to 2030. Contract types under consideration include build-own-operate (BOO), public private partnership (PPP), build-operate-transfer (BOT) and build-transfer, according to a report
August 4, 2016 Read time: 1 min
The Vietnamese capital of Hanoi is looking to build 18 bridges and upgrade several city roads into major urban thoroughfares, according the latest transportation development plan.

The People's Committee of Hanoi - the city authority – drafted the US$55 billion plan that focuses on all transportation development from now up to 2030.

Contract types under consideration include build-own-operate (BOO), public private partnership (PPP), build-operate-transfer (BOT) and build-transfer, according to a report by Vietnam Investment Review.

The Phap Van-Cau Gie Highway and Thang Long Boulevard are slated for upgrading. Plans include construction of highways with four to eight lanes to connect Hanoi to the cities of Hoa Binh, Ha Long, Hai Phong, Thai Nguyen, Lang Son and Ho Chi Minh City – formerly Saigon and nearly 1,800km to the south.
Finance & Funding

Related Content

  • Vietnam’s key highway project receiving initial funding
    November 15, 2018
    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.
    Read More
  • Two deals for Vietnam highway
    February 24, 2012
    Work to upgrade the Hanoi-Thai Nguyen section of Vietnam's Highway 3 will now be split into two sub-projects.
    Read More
  • Metro Pacific Tollways eyeing investment in Vietnam’s Ho Chi Minh City
    May 15, 2015
    Philippines-based Metro Pacific Tollways is mulling offers to invest US$600 million in a project in Vietnam’s Ho Chi Minh City. Metro Pacific Tollways president Ramoncito Fernandez said that the investment would be made through the company’s CII Bridges and Roads Investment Joint Stock Co. (CII B&R). “We are being offered new projects in Vietnam. We are now are evaluating a new project that will connect Ho Chi Minh to outskirts,” said Fernandez, without naming the project. Early this year, Metro Pacific
    Read More
  • Vietnam’s new highway connection project moving forward
    October 10, 2017
    Vietnam is planning to construct a new expressway in Hoa Binh and Son La provinces in the north of the country. The project is expected to cost US$2.21 billion and will be carried out in two stages under the PPP model. The route runs of 189.5km, with an 85.4km stretch from Hoa Binh to Moc Chau due for completion in 2020. A further 104.1km section will be built later.
    Read More

Highlighted Content