Vietnam’s transport boost to follow the pandemic

Vietnam has plans for a boost to transport to follow the pandemic.
By MJ Woof January 17, 2022 Read time: 2 mins
Vietnam will spend heavily on transport infrastructure development once the worst of the current pandemic has passed – image courtesy of © Sjankauskas, Dreamstime.com
Vietnam is planning to develop its transport infrastructure as the threat of the current pandemic recedes in a bid to boost economic growth. The plans are being developed by Vietnam’s Ministry of Transport.

One of the projects to be prioritised will be the eastern stretch of the North-South Expressway. The project is costing around US$6.46 billion and is for a 729km stretch of road that will be split into 12 sections, each of which will be built under the PPP model.
 
Meanwhile, the necessary approvals have been given for three new road works to connect with Long Thanh International Airport in Dong Nai Province. The roads run between the airport and Long Khanh City, Cam My, Thong Nhat and Dinh Quan. The most costly part of the US$862 million work will be the 53km Road 770B road, while route DT 773 will benefit from an additional 51km and DT 769 will be improved.
 
In addition, authorisation is being given for the financing package for the My An-Cao Lanh highway. The route will improve transport in the Mekong Delta. Completing the project is expected to cost $2 billion. The Korea Development Economic Cooperation Fund is providing a loan worth nearly $159 million to help support the project. Vietnam’s Ministry of Transport (MOT) is in charge of the project.
 
Finance & Funding

Related Content

  • 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
  • Vietnam beltway deal agreed
    June 26, 2023
    Work for a key Vietnam beltway deal has been agreed
    Read More
  • Laos-China expressway project
    July 12, 2021
    Plans are in hand for the Laos-China expressway project.
    Read More
  • Highway upgrades being planned for Vietnam’s Mekong Delta area
    August 12, 2019
    A series of highway upgrades will improve transport links in Vietnam’s Mekong Delta area. Improvements will be carried out to 52km stretch of the National Highway 53. The tender process is opening shortly for this road improvement contract, with the work expected to cost around US$51.4 million. Improvements are also being planned for the Quan Lo-Phung Hiep National Highway. This work should commence in late 2019 and should be complete in 2020. Upgrades are also planned for a stretch of the Dong Thap Pro
    Read More

Highlighted Content