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 highway upgrade improving connection with Cambodia
    April 12, 2017
    A highway upgrade in Vietnam will help improve links with neighbouring Cambodia. Work is needed to upgrade the 80km stretch of highway, despite improvements carried out 10 years ago. The route links Ho Chi Minh City with the Cambodian border and is important for trade and transport between the two nations. National Highway 22B is located in of Vietnam’s southeastern province Tay Ninh in Vietnam. The work is expected to cost US$13.23 million and will be carried out in several phases. Work on the first stage
    Read More
  • Vietnam’s major road works are underway
    January 10, 2023
    Vietnam’s major road works are underway as North-South Expressway stages commence.
    Read More
  • Budgeting for Vietnam’s North-South Expressway project
    October 25, 2022
    Vietnam is budgeting for its North-South Expressway project.
    Read More
  • Vietnam sets highway plan of action
    May 28, 2012
    Additional funding is being sought for the third stage of a project that will upgrade the 3,010km Ho Chi Minh Highway in Vietnam. The third phase of the project has an estimated investment capital of some US$14.7 billion and foreign and local investors are being invited to invest in the road through different funding structures. The funding models will include the proven build-transfer-operate (BTO), build-transfer (BT) and build-operate-transfer (BOT) systems, with from 20%-30% of the funding to come from
    Read More

Highlighted Content