Private finance a bridge to infrastructure

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 [...]

Over 1.3tr dong spent for upgrading National Highway No 18

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 [...]

10tr dong for Ha Long- Hai Phong expressway project

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 [...]

Over 1tr dong to upgrade 10 South- North railway bridges

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 Metro Line 2 gets US$40m loan from ADB and KfW

The Vietnam National Administration of Tourism (VNAT) has announced theVietnam Tourism Awards 2010 will be presented at a ceremony on October 17 at the Hanoi Opera House. The awards, the highest distinction in the tourism sector sponsored by VNAT and the Vietnam Tourism Association, will honour 50 outstanding travel agencies, hotels and hospitality services [...]

Southern hub projects hit brick wall

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 [...]