Construction on Da Nang-Quang Ngai expressway to be started late 2011

Da Nang City People’s Committee has worked with World Bank (WB) and Vietnam Expressway Investment and Development Corp (VEC) to discuss about the compensation methods for purposes of ground clearance and construction on Da Nang-Quang Ngai Expressway project.

The Da Nang-Quang Ngai Expressway is about 140 kilometres long, including 131.5 kilometres of expressway and 8.02 kilometres of connection way to National Highway No 1A. The project will be carried out by Vietnam Expressway Investment and Development Corp (VEC) as the main contractor with total investment capital of 29.203 trillion dong, of which WB will offer loans of $576 million, or 38 percent of total capital; Jica of $725 million or 48 percent and the rest of over 3.8 trillion dong, equal to 14 percent will be Vietnam’s counterpart capital.

The expressway will be built under standards for four-lane highway, with road surface of 26 metres wide and designed speed of 120 kilometres per hour. The designing costs $17 million, to be taken from the remaining capital of WB4 project.

The construction of Da Nang-Quang Ngai expressway plays an important role in socio-economic development progress in the region.

The involving parties decided to officially kick off the project by the end of 2011.

Tags: Da Nang-Quang Ngai expressway

Posted by VBN on Aug 16 2010. Filed under Infrastructure. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry