Skip to main content

Vietnam to slash almost US$39 million road projects

An approval has been granted by the prime minister to scale down and slash investment for a road project linking Hai Phong-Hanoi and Cau Gie-Ninh Binh motorways in Vietnam. In 2011, work on the project started and within 2015, it is anticipated that the project will reach completion. Due to a capital squeeze, investment on the project will reach nearly US$212 million, a cut of almost $39.64 million. By 2017, stage one of constructing two traffic lines will be completed.
August 18, 2015 Read time: 1 min
An approval has been granted by the prime minister to scale down and slash investment for a road project linking Hai Phong-Hanoi and Cau Gie-Ninh Binh motorways in Vietnam.

In 2011, work on the project started and within 2015, it is anticipated that the project will reach completion.

Due to a capital squeeze, investment on the project will reach nearly US$212 million, a cut of almost $39.64 million.

By 2017, stage one of constructing two traffic lines will be completed.

Related Content

  • Vietnam’s North-South Expressway sections
    March 24, 2025
    Key sections of Vietnam’s North-South Expressway are nearly complete.
  • Vietnam’s US$1.6 billion key road projects
    October 7, 2024
    Vietnam is investing US$1.6 billion for four key road projects.
  • New bridge spanning Red River for Vietnam
    October 28, 2014
    A new 2.85km bridge is being built in Vietnam to span the Red River at Hung Ha. The Thai Ha Bridge will connect Thai Binh Province and Ha Nam Province with the Ninh Binh highway in Cau Gie Province. The link will be constructed under the build-operate-transfer model and the concession deal means that from 18th October 2016, investors will collect toll revenues from the bridge for 19 years and two months. The highway itself will feature four lanes with a maximum travel speed of 80km/h.
  • Highway proposals to extend Vietnam’s network
    November 12, 2015
    A series of major highway and road projects have been proposed for Vietnam. Investors have submitted a proposal to build North-South road costing an estimated US$383.8 million. Another proposal has come from the Project Management Board 85 to develop Bien Hoa-Tan Thanh-Cai Mep Seaport expressway, with an estimated cost of $591.5 million.