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.

Finance & Funding

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