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The Vietnam’s Government has set aside more than USD 60 billion to be invested in numerous mega-scale road and rail projects. In HCM City alone, the total estimated investment capital needed for road, railway and waterway projects planned will be USD13.9 billion while Ha Noi’s total investment into transportation projects is estimated at another USD13 billion.
According to Vietnam’s Ministry of Planning and Investment Vietnam, the country plans to develop 6,000km of expressways by 2025, with 261km of expressways designed for high-speed travel to be built each year until 2025 at an estimated total cost of USD 22.8 billion. Up to date, there are about 80 BOT (Build-Operate-Transfer) projects with a total capital of USD 382 million allocated to transport projects.
Vietnam’s robust economic growth is accompanied by an urgent need for a good transportation network and infrastructure which signifies a major demand for infrastructure support from both local and international players to cater to this rapid development of transport projects in Vietnam.
Viet Transport 2009 is organised as a timely event for land transport industry professionals to secure a piece of this growing infrastructure business.
Source: Ministry of Planning and Investment, Vietnam and Vietnam News
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