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Update news transport projects
VietNamNet Bridge – The HCM City Department of Transport expects to start construction on 70 transport projects this year.
VietNamNet Bridge – The North-South Highway will be around 2,100km long, run through 32 provinces and be built in three stages.
VietNamNet Bridge – Many transport projects in southern localities have been delayed due to the scarcity and surging price of construction sand,
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.
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).
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.
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.
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.
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.
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”.
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.
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