The Asian Development Bank (ADB) is supporting the development of infrastructure for economic integration of the Greater Mekong Subregion, including transport infrastructure such as the East-West Economic Corridor and the “North-South Corridor” as well as telecommunications infrastructure, railway infrastructure, common customs procedures, etc. In Vietnam, the ADB assistance strategy for the period 2007-2009 included a plan to mobilize US$ 3 billion. And ADB plans to mobilize $ 10 billion for Vietnam projects over 2011 – 2015.
The Saigon 2 Bridge opened to traffic Oct 15, easing pressure on the 52-year-old Saigon Bridge, which was constantly overloaded.
It has four lanes for automobiles and one for motorbikes, and vehicles use it to go from Binh Thanh to District 2 while the old one is used by vehicles traveling in the opposite direction. Read more
Proposed to be developed on a new alignment as a 4-lane expressway of length 98.7 km, the DPEP is the first PPP project being undertaken in the toll road sector in Vietnam.
The DPEP is proposed to be developed through the DBFOT model. The concession period proposed for the project is 30 years.
The MOT intends to award the concession for the development of the DPEP to a group of entities. The MOT has identified M/s Binh Minh Import-Export Production and Trade Company Ltd. (BITEXCO) as the first investor in the DPEP.
The MOT now intends to select the second investor for the project through an international competitive bidding process. The investors shall incorporate a project enterprise in Vietnam for the implementation of the project.
The estimated capital investment in the DPEP is $757 million. Read more
Vietnamese seaport City of Da Nang launches smarter water and transportation initiatives to improve quality of life for citizens
Da Nang, Vietnam’s fourth largest city, has one of the highest population growth rates in the country. Because of the subsequent strain on resources, government leaders in Da Nang are turning to technology to increase the manageability and efficiency of the city’s systems.
The Asian Development Bank has approved a loan of US$410 million for building a second highway connecting Ho Chi Minh City with the Mekong Delta.
The highway, to cost an estimated $860 million, will also get a grant of $160 million from the Australian Agency for International Development, and a loan of $260 million from the Export-Import Bank of Korea.
The Vietnamese government will put up the rest. Read more