Transportation
Vietnam's US$388 million contract has been awarded to Him Lam Corporation
Seetao 2021-09-28 09:14
  • Work on major roads and bridge projects in Vietnam continues, and Ho Chi Minh’s highways will greatly improve the city’s traffic
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Vietnam continues to be active in major new road and bridge projects and major projects in Hanoi and Ho Chi Minh City. The contract for the Chen Xingdao Bridge Project in Vietnam has been awarded to Him Lam Corporation. The bridge will cross the Red River and connect the Hoan Kiem District with the Long Bien District in Hanoi.

The project is expected to cost 388.1 million US dollars, and the contract was awarded by the Hanoi People’s Committee. Funds for the project will be divided equally between the state budget and private investors. The contract is handled as a PPP project under the build-operate-transfer (BOT) model.

Him Lam Corporation will now develop financing and conduct feasibility studies on the project. Construction is expected to begin in 2022 and should be completed by 2025. The bridge has three lanes in any direction of its 5.5 km length. Three different bridge designs are currently under consideration.

At the same time in Ho Chi Minh City, plans are considering a new highway stretch that will form part of the Asian Highway project. The authorities of Ho Chi Minh City (HCMC) are applying for funding for the project from the Ministry of Planning and Investment of Vietnam.

Keywords: international engineering news, foreign engineering project information

The authorities in Ho Chi Minh City hope that the project can be completed in 2025 and have requested an allocation of US$218 million to start construction on the highway. The highway will improve traffic through the city, improve connections with the rest of the country, and connect with surrounding economic zones, urban areas, ports and airports.Editor/Baohongying

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