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

  • US president-elect Obama and the future of America's roads
    July 18, 2012
    The current US transportation funding law expires in September 2009. The current law allocates US$286 billion to highway and transportation projects. However, simply re-authorising the same amount will not be sufficient to build, maintain and improve the nation's roads, bridges, airports, and other deteriorating infrastructure. The backlog of projects unaddressed has swollen to the point where the American Society of Civil Engineers (ASCE) says it will take $1.6 trillion to address the country's road and in
    Read More
  • New Zealand lobbyists want tunnel from Panmure to Auckland
    May 13, 2016
    Lobby group New Zealand Council for Infrastructure Development has released a report assessing Auckland's congestion problem which costs the city about US$1.02 billion a year. The city’s increasing car gridlock will grind the economy to a halt, said Stephen Selwood, the group’s chief executive. However, part of the solution, according to the report, could be a major 11km road tunnel from the Panmure district to Auckland’s central business district. Selwood criticised Auckland city’s transport policy p
    Read More
  • ARTBA warns of shortfall in funding for US highways
    February 14, 2014
    According to the American Road & Transportation Builders Association (ARTBA), fixing the Highway Trust Fund (HTF) without generating any new revenue will be highly challenging. ARTBA president Pete Ruane told a Senate panel that such a move would require the equivalent of the US Congress passing and the president signing a 2013-level Murray-Ryan budget deal every year. And this would be sufficient just to maintain current highway and transit programme investment levels. According to a new Congressional Bud
    Read More
  • Mixed US transportation outlook for 2012 according to ARTBA
    April 26, 2012
    The outlook for the 2012 transportation construction market is mixed, according to the American Road & Transportation Builders Association's (ARTBA). The 2012 Transportation Construction Market forecast from ARTBA shows that the industry will face uncertain times during next year.
    Read More

Highlighted Content