transport projects

Update news transport projects

The Ministry of Transport disbursed VND9.4 trillion for transport projects during the year to October, equivalent to 35.7% of the full-year target, while the remaining VND16.9 trillion has yet to be disbursed.

 

HCM City begins construction of 70 transport projects

 VietNamNet Bridge – The HCM City Department of Transport expects to start construction on 70 transport projects this year.

Private capital could aid major transport projects: experts

 VietNamNet Bridge – The North-South Highway will be around 2,100km long, run through 32 provinces and be built in three stages.

Sand shortage delays transport projects

 VietNamNet Bridge – Many transport projects in southern localities have been delayed due to the scarcity and surging price of construction sand, 

How to arrange VND230 trillion to build north-south highway

The Ministry of Transport (MOT) has said that the north-south highway requires lower costs compared with other projects, but the Ministry of Finance (MOF) says the required investment is high compared with the long-term public investment plan.

Transport Ministry announces investment bonanza

  The Ministry of Transport is calling on investors to raise capital for 18 expressway projects with the total value of VND205.56 trillion ($10 billion).

SBV tells commercial banks to restrict disbursement for BOT projects

VietNamNet Bridge - The State Bank of Vietnam (SBV) has restricted disbursement of funds to implement BOT (build, operation, transfer) transport projects. The aim is to tighten credit for BOT projects. 

Huge private capital needed for transport projects

 VietNamNet Bridge – The transport sector will have to mobilize at least VND235 trillion (some US$11 billion) from different sources exclusive of the State budget for infrastructure development in 2016-2020.

Some $4.5 billion needed for transportation infrastructure

 The Ministry of Transport said it plans to mobilise 960 trillion VND (4.5 billion USD) from various sources to invest in infrastructure in the 2014-20 period.

Transport Ministry’s proposed VND90 billion bonus to contractors remains controversial

 VietNamNet Bridge – The Ministry of Transport has suggested a bonus worth VND90 billion to South Korean and Japanese contractors to reward their project fulfillments before the deadline.

Will transport projects in Vietnam attract foreign investors?

 VietNamNet Bridge – The Ministry of Transport has said that transport projects could be sold to foreign investors, but analysts believe the ministry is being “too optimistic”.

Vietnam imposes heavy sanctions on foreign contractors

The fact that a series of foreign contractors were punished for their violations has pleased domestic contractors, who always complain that foreigners receive big favors from government agencies and investors.

Funding sought for transport projects

 VietNamNet Bridge – The Ministry of Transport and relevant State agencies needed to mobilise social funding for transport projects, as the current funding available for the transport sector this year stood at only VND20 trillion