Vietnam developing transportation network

Vietnam has major plans to develop its transportation infrastructure by 2020. The work required could cost in the order of US$45.9 billion. Of this, some 64.1% will be required to improve the national road system. The State Budget has so far provided approximately 30-40% of the financing required. However, the country has a need for international investment to further develop its transportation system. One of the barriers to PPPs has been a lack of clear policy on indirect government support. Another proble
July 14, 2015 Read time: 1 min
Vietnam has major plans to develop its transportation infrastructure by 2020. The work required could cost in the order of US$45.9 billion. Of this, some 64.1% will be required to improve the national road system. The State Budget has so far provided approximately 30-40% of the financing required. However, the country has a need for international investment to further develop its transportation system. One of the barriers to PPPs has been a lack of clear policy on indirect government support. Another problem hindering PPPs has been a lack of experience within Vietnam’s public agencies for planning and supervising such projects. But new policies are being put in place to attract private investment in Vietnam’s planned PPP projects.
Finance & Funding Road Structures

Related Content

  • A €700 million investment ensures a makeover for Malta’s roads
    June 3, 2019
    The European Union Road Federation (ERF) recently held a road safety workshop in Malta* Infrastructure Malta is entrusted with handling Malta’s recently announced – and unprecedented - road investment of more than €700 million over the next seven years. The government is also tapping into several European Union funds to support its own investment. Projects include construction of the Marsa Junction Project, a new seven-flyover, multi-level intersection to improve the efficiency of the country’s most imp
    Read More
  • Changing policy for Europe’s road funding?
    August 27, 2013
    The 2011 EC White Paper on Transport acknowledges that transport is the backbone of Europe’s economy, directly employing 10 million people and accounting for approximately 5% of EU GDP. In addition, it recognises that ‘infrastructure shapes mobility’ and that ‘curbing mobility is not an option’. Given the importance policymakers place on the ability to move people and goods seamlessly across Europe, it becomes rather hard to explain why they have neglected for so long the main ‘vehicle’ for mobility acro
    Read More
  • Lower Thames Crossing gets green light
    March 26, 2025
    The 14.5-mile project near London will include a 2.6-mile tunnel under the Thames River and come at a cost of around £8.3 billion.
    Read More
  • Foiled by foliage
    September 5, 2022
    The fight against air pollutants along inner-city roads is growing, literally, as explained by Richard Sabin, managing director of Biotecture*
    Read More

Highlighted Content