Vietnam Government allocated USD1 billion for the road PPP project
The Hanoi People's Council has allocated a VND23.5 trillion (USD1 billion) funding from the city's budget for the development of the Ring Road No. 4 PPP project in Vietnam.
The investment includes VND19.5 trillion (USD841.6 million) for 2021 - 2025 and VND4 trillion VND (USD172.6 million) for 2026 - 2030. With a total estimated value of USD3.7 billion, the PPP project involves the development of a 112.8-kilometer-long road, which covers three northern provinces of Hanoi City, Hung Yen and Bac Ninh, with a connecting route of 9.7-kilometers long. The road stretches from Noi Bai – Lao Cai Expressway in Hanoi and ends on the Noi Bai – Ha Long Expressway in Bac Ninh province.
Ring Road No. 4 is a key national project and combines a public investment model with a Build, Operate and Transfer PPP contract. The project is divided into three sub-projects and is expected to be completed in 2027.
Country news
-
-
May 24, 2022
Vietnam prepares to launch a tender for USD307 million airport PPP project
The government of Vietnam through its Civil aviation authority has plans to launch a procurement process for SaPa airport located in Cam Con Commune.
Read more -
January 12, 2021
Construction starts at USD16 billion airport PPP project in Vietnam
The construction works have started on the first phase of Vietnam's largest airport Long Thành International Airport located in Đồng Nai province near Ho Chi Minh (HCM) City, Vietnam.
Read more -
August 18, 2020
Vientam approves US$ 900m expressway PPP
The government of Vietnam has approved the investment policy of the Dong Dang-Tra Linh expressway to be implemented on a public-private partnership (PPP) basis.
Read more -
June 12, 2019
654 kilometers of expressway to be built in Vietnam
The Ministry of Transportation (MoT) in Vietnam is set to tender the Eastern North-South Expressway project in August 2019. The project includes the development of 654 km long Eastern North-South Expressway in Vietnam. The expressway passes through 13 provinces and cities and consists of 11 sub-projects. Out of 11, three sub-projects will be funded by the state and other eight will be funded through BOT (Built-Operate-Transfer) PPP model.
Read more -
April 18, 2018
US$750 million expressway PPP in Vietnam cancelled
It has emerged that the Dau Giay-Phan Thiet Expressway PPP project, which involved the design, construction, financing, operation and maintenance of a 98.7km four-lane expressway linking the Dong Nai and Binh Thuan provinces of Vietnam and represented an investment of US$757.7 million, has been cancelled.
Read more
