Infrastructure

Investor of Trung Luong-My Thuan Expy gets funds for constructionThe Saigon Times Daily The investor of Trung Luong-My Thuan Expressway has already secured a deal with local banks to receive VND6.86 trillion (US$298.7 million) for developing the long-delayed expressway project – PHOTO: VGP HCMC – The investor of the Trung Luong-My Thuan Expressway has negotiated an agreement with four local banks to receive VND6.86 trillion (US$298.7 million) to develop the long-delayed build-operate-transfer (BOT) expressway project, the Government news website reports. BOT Trung Luong-My Thuan JSC signed a credit agreement with Vietnam Bank for Industry and Trade (VietinBank), Bank for Investment and Development of Vietnam (BIDV), Vietnam Prosperity Commercial Bank (VPBank) and Vietnam Bank for Agriculture and Rural Development (Agribank) in Hanoi City on June 15. Under the agreement, Vietinbank will provide a loan package of VND3.3 trillion, BIDV and VPBank VND1.28 trillion … [Read more...] about Investor of Trung Luong-My Thuan Expy gets funds for construction

HCMC plans to develop underground anti-flood reservoirsThe Saigon Times Daily HCMC – The HCMC government is mapping out a plan to build underground reservoirs, using advanced technologies to provide relief from floods in the city caused by heavy rains and high tides, Lao Dong newspaper reports. The municipal government has asked the HCMC Steering Center of the Urban Flood Control Program and the authority of Thu Duc District to evaluate the effectiveness of such a reservoir using Japanese Cross-Wave technology. Cross-Wave is a water holding material for rainfall accumulation installed within underground reservoirs. The material has mechanical durability, is easily installed and uninstalled, and is favorable for construction. The 13m x 14m reservoir was built by Sekisui Vietnam Pipe Solutions Co Ltd and VMC Tech Vietnam, and supervised by the HCMC People’s Committee and the HCMC Steering Center of the Urban Flood Control Program. The technology can be applied to small … [Read more...] about HCMC plans to develop underground anti-flood reservoirs

Phu Bai Airport to receive VND5.6 trillion for expansionThe Saigon Times Daily HCMC – Phu Bai International Airport in Thua Thien-Hue Province will be expanded, using VND5,560 billion earmarked for the project, mainly to upgrade its passenger terminal, the runways and the taxiways, news site chinhphu.vn reported. With the airport expansion, Thua Thien-Hue Province expects to welcome 3-3.5 million passengers in 2020 and some 6.5-7 million arrivals per year until 2025. The expanded airport will cover an area of 153.17 hectares in three communes and wards, including Phu Bai, Thuy Tan and Thuy Phu. Realizing the key role of the airport in stimulating economic, cultural and tourism growth in the region, the Ministry of Transport threw its weight behind the expansion project, deputy director of the provincial Department of Transport Le Cong Dien said. The ministry asked the Airports Corporation of Vietnam to urgently complete preparations for the project in 2018. Phu Bai … [Read more...] about Phu Bai Airport to receive VND5.6 trillion for expansion

Feasibility studies completed for several southern expressway projects By Le Anh The highway section HCMC–Long Thanh–Dau Giay has been completed and opened to traffic - PHOTO: LE ANH HCMC – According to the Ministry of Transport, three projects to build the southern sections of the North-South Expressway have had their feasibility studies (FS) completed and submitted to the ministry for appraisal and approval. These sections are Dau Giay-Tan Phu, Nha Trang-Cam Lam and Vinh Hao-Phan Thiet. In addition, a project to build a northern section linking Ninh Binh and Thanh Hoa has also had its FS completed. The north-south expressway project was earlier approved for investment by the National Assembly. The first section, Dau Giay–Tan Phu, going through Dong Nai Province has a total length of 59.6 kilometers and is 17 meters wide, with four lanes to be built in phase one and a permitted speed of 80 kilometers per hour. The project requires a budget of VND6.668 … [Read more...] about Feasibility studies completed for several southern expressway projects

Two runways at Noi Bai, TSN airports risk being shut downBy Le Anh A view of a deteriorating runway at Noi Bai Airport - PHOTO: ANH QUAN HCMC – Runway 25R/07L at Tan Son Nhat International Airport and runway 1B at Noi Bai Airport will face closure due to deterioration if no urgent repairs are taken, the Airports Corporation of Vietnam (ACV) said in a report sent to the Ministry of Transport. ACV indicates that the two runways have been overloaded and operated beyond their designed capacities, so serious cracks have developed on their surfaces. Runway 25R/07L at Tan Son Nhat Airport was repaired and put back to use in June 2013, designed to handle 55,100 take-offs and landings for large airplanes B777-300 ER and equivalent planes within ten years. However, as of April, the runway had handled a total 126,000 take-offs and landings, multiple times higher than the designed capacity. Similarly, runway 1B of Noi Bai airport was put into service in 2013 with a designed … [Read more...] about Two runways at Noi Bai, TSN airports risk being shut down