New investment model to upgrade Vietnamese infrastructure

May 11, 2015 | 13:00
(0) user say
The ground breaking ceremonies signalling the start of construction of the Binh Loi Railway Bridge and Saigon River management units took place recently in Ho Chi Minh City with a total investment capital of nearly $60 million.

photo source: SGT

The project will operate under the build-operate-transfer (BOT) financing model with a budget for land acquisition, clearance and relocation in Ho Chi Minh City and Binh Duong province.

The railway bridge will span over 478.6 metres across the Sai Gon River, facilitating carriages driving through with a design speed of 100 kilometres per hour and is scheduled to be completed in the next 16 months.

The 71-kilometre Saigon River flow regulation area’s starting point will be the Binh Loi Railway Bridge at the Hiep Binh Chanh Ward of Thu Duc district and will end at the Ben Sucport.

The project is a joint venture between Green Urban Development and Investment Joint Stock Company and STD Vietnam Construction and Investment Joint Stock Company. Traffic toll will be collected in 20 years and 9 months.

The completion of this project will help meet the rising demand of transportation and connect Tay Ninh, Binh Phuoc, Binh Duong and Ho Chi Minh City, making a contribution to the socio-economic development in the region.

According to Deputy Minister of Transport Nguyen Ngoc Dong, the Ministry is conducting the "socialisation" of investments for transport infrastructure projects. This is the first inland waterway project under the BOT model which is expected to be a new kind of investment on the Vietnam’s infrastructural development scene.

By By Thanh Van

What the stars mean:

★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional