The North-South Expressway is one of the projects that is calling for foreign investors Seaport projects pushing ahead Four months after since the first shipment in May 2018, the construction of the first and second container ports of Haiphong International Port (component B) with the total investment about $321 million has begun, hoping to attract more international shipping lines to the country. The project is developed by Haiphong International Container Terminal Co., Ltd. (HICT), a joint venture between Saigon New Port, Japan’s Mitsui OSK Lines (MOL), Taiwan’s Wan Hai Lines (WHL), and Japan’s Itochu Corporation (ITO). Haiphong International Port is the first deep-water port in the key economic region in North Vietnam, which is capable of receiving vessels up to 14,000 TEU and cargo ships up to 160,000 DWT. From this port, the import and export goods from North Vietnam can be directly transferred to Europe, America. In addition, HICT’s project is only one … [Read more...] about Directing FDI into large transport infrastructure projects
Transport infrastructure
Dong Nai requires 1.5 billion USD for transport infrastructure by 2020
Illustrative image (Source: baochinhphu.vn) Dong Nai (VNA) – The southern province of Dong Nai has announced that it needs a total of 55.4 trillion VND (2.37 billion USD) to develop its infrastructure during the 2018-2020 period. Of the total, 34.9 trillion VND (1.5 billion USD) will be invested in transport infrastructure, according to the provincial Party Committee. Specifically, construction on a number of roads connecting Dong Nai with other localities in the key southern economic region will be carried out, including the Ben Luc-Long Thanh highway, the Dau Giay-Phan Thiet highway, the Dau Giay-Da Lat highway, and the Tan Van-Nhon Trach belt road 3. In addition, the province is working with related offices at the central level to reach a consensus on the implementation of projects on a highway linking Bien Hoa with Vung Tau of the southern province of Ba Ria-Vung Tau, as well as a metro line connecting Bien Hoa with Ho Chi Minh City. For roads managed by the province, it … [Read more...] about Dong Nai requires 1.5 billion USD for transport infrastructure by 2020
Key transport infrastructure projects face capital shortage
Key transport infrastructure projects face capital shortageThe Saigon Times Daily A section of the North-South Expressway is opened to traffic – PHOTO: VNA HCMC – Many major transport infrastructure projects such as the North-South Expressway, and Ring Road No.2 of HCMC may fall behind schedule due to shortages in investment capital and complicated mechanisms, reported Thanh Nien newspaper. The total length of the North-South Expressway will be some 2,100 kilometers, spanning 32 provinces and cities. The project has been divided into three phases. The first phase of 11 sub-projects requires an estimated VND104 trillion (US$4.4 billion), including over VND40 trillion (US$1.7 billion) from the State budget, to develop 650 kilometers of the cross-country expressway between 2017 and 2020. As such, the remaining capital will be mobilized under the public-private partnership (PPP) model. Similarly, HCMC is an important economic center of Vietnam, but the funds from the … [Read more...] about Key transport infrastructure projects face capital shortage
WB ready to help Vietnam develop transport infrastructure
Deputy Prime Minister Trinh Dinh Dung (R) receives WB Country Director for Vietnam Ousmane Dione on May 29 (Photo: VNA) Hanoi (VNA) – The World Bank (WB) is ready to assist Vietnam in developing infrastructure system, especially transport infrastructure, WB Country Director for Vietnam Ousmane Dione told Deputy Prime Minister Trinh Dinh Dung. At their meeting in Hanoi on May 29, Deputy PM Dung and officials of the Ministry of Transport and relevant ministries and agencies, and WB experts discussed solutions to mobilise resources for and effectively implement projects to develop infrastructure, especially transport infrastructure. Deputy PM Dung highly evaluated the WB’s support for Vietnam in infrastructure and socio-economic development, which has created firm prerequisites for sustainable development. The Deputy PM also appreciated the WB’s proposals which were based on leading specialists’ studies. He noted that transport infrastructure in … [Read more...] about WB ready to help Vietnam develop transport infrastructure
Singapore to boost investment in transport infrastructure
Illustrative image (Source: Internet) – The Government of Singapore will continue investing in transport infrastructure to maintain the city-state’s position as a world-class city and key transport node between Asia and the world, Minister of Transport Khaw Boon Wan said on May 9. The country aims to expand the Changi Airport and build the “next-generation” Tuas seaport, the minister said, adding that aviation and maritime sectors are the “lifelines of Singapore’s economy”, which together contribute more than 10 percent of gross domestic product (GDP) and generate 250,000 jobs. According to Minister Khaw Boon Wan, the expansion of Tuas port and the building of Changi Terminal 5 will help strengthen Singapore’s edge to seize new opportunities and capture greater growth. New connections with Malaysia, including the Kuala Lumpur-Singapore high-speed rail, are also underway to facilitate bilateral trade and traveling of the two … [Read more...] about Singapore to boost investment in transport infrastructure