The cost of the first section of Vietnam’s Bien Hoa-Vung Tau highway, a 47km stretch in the Southern Key Economic Zone, will be around US$355 million.
Vietnam’s transport ministry said the total cost of the entire 70km motorway will come in at $1.03 billion. The government considers the zone to be the country’s engine of growth, accounting for 60% of Vietnam’s industrial production by value and 70% of export revenue.
The zone consists of eight localities - Ho Chi Minh City (formerly called Saigon), Binh Duong, Dong Nai, Ba Ria-Vung Tau, Binh Phuoc, Tay Ninh, Long An and Tien Giang.
In November, World Highways reported that Vietnam is considering selling its ownership in several major highways to help pay for more road projects.
The Ministry of Transport said that the government’s infrastructure investor body Vietnam Infrastructure Development and Finance Investment (VIDIFI), would sell 70% of its ownership in the Hanoi–Hai Phong Highway project to a buyer from India.
The move is part of a strategy that could see Vietnam sell off more of its investment in highway projects, either under construction or completed, and re-invest the capital in other road initiatives.
Vietnam’s transport ministry said the total cost of the entire 70km motorway will come in at $1.03 billion. The government considers the zone to be the country’s engine of growth, accounting for 60% of Vietnam’s industrial production by value and 70% of export revenue.
The zone consists of eight localities - Ho Chi Minh City (formerly called Saigon), Binh Duong, Dong Nai, Ba Ria-Vung Tau, Binh Phuoc, Tay Ninh, Long An and Tien Giang.
In November, World Highways reported that Vietnam is considering selling its ownership in several major highways to help pay for more road projects.
The Ministry of Transport said that the government’s infrastructure investor body Vietnam Infrastructure Development and Finance Investment (VIDIFI), would sell 70% of its ownership in the Hanoi–Hai Phong Highway project to a buyer from India.
The move is part of a strategy that could see Vietnam sell off more of its investment in highway projects, either under construction or completed, and re-invest the capital in other road initiatives.
