New highway links planned for Vietnam
Several major highway projects are being planned for Vietnam. The largest is for the construction of the North-South Expressway, which will improve transport connections for the country. Financing is being secured for the North-South Expressway, with some US$5.23 billion being secured. The Vietnamese Government will pay up to 39% of the cost of the work, with loans and private sector funding paying for the remaining 61%.
Meanwhile a South Korean contractor will carry out a series of road projects in Can Tho Province in southern Vietnam. A new road link is being planned to connect Nam Song Hau Road with National Highway 91. This project is expected to cost US$663.4 million, although the financing model for the work has yet to be confirmed. Planned construction work in Can Tho Province includes the building of 25 bridges and nine intersections.