Government approves VEC's charter capital increase by $1.48 bln
The increased capital creates conditions for ransport infrastructure development.
Topic: VEC
VEC's charter capital expected to increase to $1.48 billion
The proposed capital injection aimed at enhancing expressway project management to support long-term growth.
VEC-invested expressways carry 59.7 million vehicles
The Cau Gie - Ninh Binh Expressway in Vietnam’s north saw the highest number of vehicles last year.
VEC proposes expansions to HCMC - Long Thanh - Dau Giay Expressway
The Vietnam Expressway Development Investment Corporation (VEC) has proposed it self-balance investment capital to expand the Ho Chi Minh City - Long Thanh - Dau Giay Expressway from the existing four lanes to eight to ten lanes, costing VND14.7 trillion ($599 million). VEC believes the Long Thanh International Airport will be put into operation by 2025, which will exacerbate the overloading already seen along the expressway.
Permission sought to build intersection on Ben Luc - Long Thanh Expressway
The Vietnam Expressway Corporation (VEC) has sent an official dispatch to the Commission for the Management of State Capital at Enterprises (CMSC) requesting that it approve a VEC investment in completing a traffic intersection on National Highway No. 51 connecting it with Ho Chi Minh City’s Ben Luc - Long Thanh Expressway in the first phase.
VEC to balance capital for Ben Luc - Long Thanh Expressway
The 57.8 km-long Ben Luc - Long Thanh Expressway project has total investment of more than VND31 trillion ($1.33 billion) and is a national key project within the East North - South Expressway project but has stalled due to a lack of capital. The Ministry of Planning and Investment has proposed that the government assign the Vietnam Expressway Corporation (VEC) to balance and arrange reciprocal capital to continue project implementation.