Vietnam expressway construction project halted

Construction work on an important Vietnamese expressway project has been halted.
By MJ Woof November 6, 2020 Read time: 1 min
Work halts on an important Vietnamese road project - Image courtesy of © Svetlana German, Dreamstime
Financial issues have resulted in construction work being halted for Vietnam’s Ben Luc-Long Thanh expressway project. Financing for the initial portion of the work on the project has been provided by the Asian Development Bank (ADB) in the shape of a loan worth some US$350 million.

However, a second loan package of some $286 million from the ADB has not yet been provided. The various contractors working on the expressway construction halted operations over the shortage of necessary funding. Construction commenced originally in 2015 and the work is being overseen by Vietnam Expressway Corporation (VEC). 
Finance & Funding

Related Content

  • New Vietnam beltway finds funding
    May 11, 2015
    Funding has been found for a new beltway project in Vietnam. The work will be financed jointly by the Asian Development Bank (ADB) and the State Bank of Vietnam (SBV). The two have signed agreements for loans worth close to US$160 million for the project. ADB will provide a $12.58 million loan to finance preparation works for Beltway No3 in Ho Chi Minh City in Vietnam. In addition, ADB will provide an additional $147 millionn loan to complete the Noi Bai-Lao Cai Highway. The highway of 244km is part of the
    Read More
  • Myanmar expressway project due to commence
    November 16, 2020
    A major Myanmar expressway project is due to commence.
    Read More
  • Vietnam's road expansion
    May 28, 2012
    Vietnam is seeing significant expansion of its highway network at present, with another three major projects now moving forward and much of the financial backing coming from other Asian nations such as South Korea and Japan. A feasibility study is being carried out for the 94km Nghi Son-Bai Vot expressway and this should be complete by October 2010. The project is expected to cost US$1.04 billion and the expressway will have either six or four lanes, based on Transport Engineering Design's study.
    Read More
  • Mumbai’s coastal road project is underway
    April 7, 2021
    Construction work is underway for Mumbai’s complex coastal road project.
    Read More

Highlighted Content