Tag: transport infrastructure

The move aiming to improve connectivity and support economic growth in Vietnam’s southernmost province.

Under approved plans, total investment capital for upgrading two roads is estimated at over $48 million.

Most projects involve transport infrastructure.

Hanoi held a breaking ground ceremony on October 6 for a tunnel at the intersection of Ring Road No. 2.5 and Giai Phong Street in Hoang Mai district. With a length of 400 meters and total investment of nearly VND800 billion ($33.5 million), the tunnel is a key project for the city in the 2021-2025 period and will contribute to the completion of the capital’s transport infrastructure.

At a meeting with leaders of south-central Binh Thuan province on August 31, Prime Minister Pham Minh Chinh suggested a number of key tasks and solutions for the province to undertake, in which it is necessary to focus on socio-economic infrastructure development, especially synchronous and modern transport infrastructure, to establish better links both within and between regions. He also mentioned it is necessary to study and expand Phan Thiet city and to build an airport.

The Hai Duong Provincial People’s Council approved a number of key projects in transport infrastructure, educational facilities, and office space on June 24.

Capital demand for implementing expressway projects to 2030 totals up to VND900 trillion ($39.41 billion), of which the State budget can meet VND600 trillion ($26.25 billion), with the remaining VND300 trillion ($13.16 billion) to be mobilized from domestic and foreign investors. In order to attract private investment, Mr. Nguyen Xuan Cuong, Deputy Director-General of the Directorate for Roads of Vietnam, said that the profit margin of build-operate-transfer (BOT) projects should be increased to over 15 per cent and the rate of State capital contribution could be increased to 70 per cent.