Vietnam Infrastructure Limited (LON:VNI), the first publicly traded fund to focus on infrastructure assets in Vietnam, has announced changes to the composition of the Company’s Board of directors. Don Lam has resigned as a Non-executive director of the Company and Albert Theodore (‘Ted’) Powers has joined as a Non-executive director of the Company Lam is [...]
The Japan Bank for International Cooperation (JBIC) pledges finance to Hanoi in the fields of environment and transport infrastructure development in the near future. A JBIC representative made the affirmation at a meeting on Oct. 24 with Chairman of the Hanoi People’s Committee, Nguyen The Thao to discuss new potentials of cooperation with the capital [...]
Sourcing private equity investment has proven a proper remedy to ameliorate Ho Chi Minh City’s transport infrastructure. The southern hub will need around VND300 trillion ($15 billion) to develop its transport infrastructure up to 2015. However, it could only source approximately VND8.5 trillion ($410.6 million) from state coffers every year, according to Ho Chi Minh [...]
Ministry of transportation officially held the ground breaking ceremony for upgrading the National Highway No 18 from Uong Bi to Ha Long on October 16, 2011. The ceremony took place in Uong Bi City, Quang Ninh province. The upgrading project would be conducted under BOT method with total investment costs of 1.317 trillion dong, of [...]
The delegation of ministry of transport had a meeting with Quang Ninh province’s authorities about carrying out the road construction project that connect Ha Long City with Hanoi-Hai Phong Expressway. According to the reports of Transportation Engineering Design Inc. (TEDI), the Ha Long-Hai Phong Expressway has total length of 25.214 kilometres, with the starting point [...]
Project to increase the safety of the Hanoi-HCM City railway bridges will upgrade 10 bridges in central provinces of Thua Thien Hue, Da Nang, and Quang Nam. The local newswire Thanh Nien has recently reported that the new Ba Bau railway bridge in Tam Anh Bac commune, Nui Thanh district in the central province of [...]
HCM City People’s Committee on Thursday signed a memorandum of understanding (MOU) with two creditors including Asian Development Bank (ADB) and German Reconstruction Bank (KfW) on activating the first phase of the loans worth $40 million for Metro Line 2 connecting Ben Thanh market and Tham Luong deport, VietBiz24.com reported on Sept. 29. This was [...]
Ho Chi Minh City build-transfer infrastructure projects have run into rough ground. Though accommodating just three build-transfer (BT) infrastructure projects worth $532.3 million in total investment, the city faces myriad difficulties relative to giving land to BT project developers, according to Ministry of Planning and Investment. Developer Petroleum Urban and Infrastructure Investment Joint Stock Company [...]
The People’s Committee of the southern Binh Duong province on Sept. 6 agreed on a plan to build a 31.5km elevated highway at an estimated capital of over $800 million. The project, the first of its kind in the country, will be built above National Highway 13 to help ease traffic jam in the route. [...]
The HCM City People’s Committee yesterday signed a BOT (Build-Operate-Transfer) contract and handed over an investment certificate to IDICO Infrastructure Development Investment Joint-Stock Company (IDICO-IDI) to build three additional traffic works on National Road 1A from An Suong to An Lac. Under the contract, traffic circles will be built at the intersections of National Road [...]
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