Saturday, August 19, 2017 - 23:56:28

RoK considers funding further transport projects in Vietnam

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The Republic of Korea is considering funding three more key transport projects in Vietnam, Minister of Transport Dinh La Thang said on the June 8 inauguration of Vinh Thinh Bridge in Hanoi.

The new bridge, which links Hanoi’s outlying town of Son Tay with Vinh Tuong district in Vinh Phuc province, has been built with preferential official development assistance (ODA) capital from the RoK.

The minister said the Vietnamese government has proposed the three future projects to the RoK via the Economic Development Cooperation Fund (EDCF). The mooted developments are Hung Ha Bridge linking Ha Nam and Hung Yen provinces across the Red River, the second phase of the southern coastal corridor road and the Tan Van-Nhon Trach section of Belt Road No.3 in Ho Chi Minh City.

He said the three projects are important to socio-economic development in the respective areas.

Besides the newly-completed Vinh Thinh Bridge, the EDCF has funded many transport projects in Vietnam, including an Intelligent Transport System for the Ho Chi Minh City-Trung Luong Highway, as well as construction of the southern coastal corridor, Vam Cong Bridge and the Lo Te-Rach Soi Road.-VNA
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