US$4 billion of road construction projects are planned for Vietnam by local firm Deo Ca Group. The projects will be carried out by 2030. Around 400km of ring roads and highways will be built. Financing for the work will be provided by VietinBank, TPBank, VPBank, and BIDV.
Meanwhile, work is starting in Ho Chi Minh City (HCMC) for the $78 million Tan Van interchange (TVI). The 2.4km-long TVI will form part of the Beltway No3 project, providing an improved connection between HCMC and Binh Duong Province, while reducing the number of vehicles having to traverse the city.
In addition, options are now being considered for the project to build the Can Tho 2 Bridge in the Mekong Delta. A pre-feasibility study has been completed for the project, with the bridge spanning the Hau River and providing a connection between Can Tho City and Vinh Long Province. One option is for a link costing $843 million with separate road and rail facilities and a $1.17 billion link with the road and rail facilities combined. The lower cost option is favoured at present although the decision will be taken by the Transport Ministry. Construction is expected to take from 2026-2029 for the 2.75km bridge and 12km of connecting roads.
Also for the Mekong Delta there are proposals to improve national highway No 53, No 62 and No 91B. The work has an expected pricetag of $396 million and should take five years to carry out. The project would see a 69km section of No 62 being improved, a 41km stretch of No 53 and a 141km section of No 91B being updated. Maintenance work would also be carried out.
