2009 was a record year for the transport and communications sector as they witnessed six major projects each with an investment capital of at least of nearly 10 trillion VND (555 million USD).
Of these projects, four were to do with building and upgrading highways, one was a bridge and one a deep-water harbour.
According to the Ministry of Transport and Communications, these projects recorded a disbursement of investment capital of almost 25 trillion VND (1.3 billion USD).
Of the projects, the Hanoi-Thai Nguyen highway cost 8.1 trillion VND (450 million USD) funded by the Ministry of Transport and Communications, while the capital for the three remaining highway projects was raised by the private sector.
The Vietnam Expressways Corporation (VEC) has invested in both the Noi Bai-Lao Cai and Ho Chi Minh City-Long Thanh highways, spending 20 trillion VND (1.1 billion USD) and 932.4 million USD respectively.
The 54-km Trung Luong-My Thuan highway has an initial capital of 15 trillion VND (833.3 million USD) and comes from the Bank for Investment and Development of Vietnam (BIDV).
The other project was the Van Phong international transshipment port in the central province of Khanh Hoa funded by the Vietnam National Shipping Line (Vinalines) at an estimated cost of 3.6 billion USD.
The last project was Nhat Tan Bridge with an investment capital of over 13 trillion VND (757 million USD) funded by Japan .
According to Ngo Duc Thinh, Deputy Minister of Transport and Communications, those “super” projects will improve the country’s transport infrastructure over the next few years and help the national economy to recover and develop./.
Of these projects, four were to do with building and upgrading highways, one was a bridge and one a deep-water harbour.
According to the Ministry of Transport and Communications, these projects recorded a disbursement of investment capital of almost 25 trillion VND (1.3 billion USD).
Of the projects, the Hanoi-Thai Nguyen highway cost 8.1 trillion VND (450 million USD) funded by the Ministry of Transport and Communications, while the capital for the three remaining highway projects was raised by the private sector.
The Vietnam Expressways Corporation (VEC) has invested in both the Noi Bai-Lao Cai and Ho Chi Minh City-Long Thanh highways, spending 20 trillion VND (1.1 billion USD) and 932.4 million USD respectively.
The 54-km Trung Luong-My Thuan highway has an initial capital of 15 trillion VND (833.3 million USD) and comes from the Bank for Investment and Development of Vietnam (BIDV).
The other project was the Van Phong international transshipment port in the central province of Khanh Hoa funded by the Vietnam National Shipping Line (Vinalines) at an estimated cost of 3.6 billion USD.
The last project was Nhat Tan Bridge with an investment capital of over 13 trillion VND (757 million USD) funded by Japan .
According to Ngo Duc Thinh, Deputy Minister of Transport and Communications, those “super” projects will improve the country’s transport infrastructure over the next few years and help the national economy to recover and develop./.
