Vietnam highway project receiving South Korean funding?

Vietnam’s Belt Road Three project is being planned at present, with some of the financing still being sought. The route will run between Tan Van District and Nhon Trach District, crossing the Dong Nai River. The project is expected to cost US$2.46 billion to construct and will feature four lanes initially, with additional lanes being built in future phases. The 89.3km route has been approved and runs through the provinces of Binh Duong, Dong Nai and Long An, as well as through the outskirts of Ho Chi Minh
November 3, 2017 Read time: 2 mins

Vietnam’s Belt Road Three project is being planned at present, with some of the financing still being sought. The route will run between Tan Van District and Nhon Trach District, crossing the Dong Nai River. The project is expected to cost US$2.46 billion to construct and will feature four lanes initially, with additional lanes being built in future phases. The 89.3km route has been approved and runs through the provinces of Binh Duong, Dong Nai and Long An, as well as through the outskirts of Ho Chi Minh City. A portion of the necessary funding has been secured from the Asian Development Bank (ADB) and this will pay for a 47km stretch of the route. This particular section lies between National Road 22 and Long An Province's Ben Luc District, as well as from Binh Duong Province's Thuan An District to National Road 22 in Ho Chi Minh City's Hoc Mon District. The plan calls for South Korean funding to finance work to an 8.7km section of the project. The Belt Road Three project is also benefiting from funding being supplied through the build-operate-transfer model.

Finance & Funding

Related Content

  • Vietnam ring road project
    October 7, 2022
    A ring road project is underway for Vietnam’s Ho Chi Minh City.
    Read More
  • Vietnam: work on Phuoc Khanh cable stayed bridge to begin in August
    June 22, 2015
    Work on Vietnam’s 3.1km Phuoc Khanh cable stayed bridge will start in August after a deal was signed with the government in June. The contract was signed by the Vietnam Expressway Corporation and a consortium made up of Japanese contractor Sumitomo Mitsui and local partner Civil Engineering Construction Corporation (Cienco 4). The bridge is part of the 57km Ben Luc-Long Thanh Expressway project running through Long An Province, Ho Chi Minh City and Dong Nai province in southern Vietnam. The highway will a
    Read More
  • Vietnam’s North-South Expressway project prioritised
    October 20, 2017
    Vietnam’s Ministry of Transport is prioritising the construction of the North-South expressway project. It is seeking the approval of the Vietnamese Government approval to speed up the development of a 713km stretch of the expressway. This particular section of the expressway is phase one of the project and has an estimated construction cost of US$ 5.73 billion. Just over half of the construction cost will be paid for by private investors while Government bonds are expected to pay for the remaining sum. Thi
    Read More
  • Vietnamese expressway works planned
    May 23, 2022
    New Vietnamese expressway works are being planned.
    Read More

Highlighted Content