Vietnam Seeks VND19.85T for Expressway in Central Region

Vietnam is seeking VND19.85 trillion ($1.04 billion) for the construction of Nghi Son-Bai Vot expressway in the central region.

The 94.1-kilometer highway, which will link Nghi Son in Thanh Hoa province and Bai Vot in Ha Tinh province, is a part of North-South expressway project approved by the prime minister.

Under a proposal by consultant Road and Bridge Engineering Consultants JSC (TEDI), the expressway will have between four and six lanes and allow vehicles to travel at 120 km/hour.

Final report on the Nghi Son-Bai Vot expressway project is expected to be finished on October, 2010.

The Southeast Asian country needs $16 billion for infrastructure transport projects a year; however, it can afford half of that figure.

At a recent Consultative Group meeting, donors said that weak infrastructure is one of Vietnam’s biggest barriers hindering foreign investment inflow and urged it to further focusing on deal with the problem.

Tags: Nghi Son-Bai Vot expressway, Vietnam Infrastructure

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