The free trade pact with the EU is expected to open an expressway connecting Vietnam with a $15 trillion market, and it is fee-charging, says National Assembly delegate Vu Tien Loc.
Plunging revenue and profit in the first quarter may hinder Hoa Binh Construction Group in arranging money to contribute to the joint venture developing the Nghi Son section of National Highway 45 under the Eastern Cluster of the North-South Expressway as well as other projects signed in the first three months.
The Cambodian government said it is actively working with China Road and Bridge Corporation, a Chinese company seeking to speed up construction of an expressway linking Phnom Penh to Preah Sihanouk province, says Ministry of Public Works and Transport officials.
More details on a planned four-lane expressway to link Cambodia’s capital and principal seaport have emerged following a high level state visit by a Chinese delegation earlier this month, though the timeline for its construction has not yet been released.
Works on an expressway aimed at decreasing the time it takes to drive from Phnom Penh to Sihanoukville could start towards the end of 2017, subject to matters around financing being ironed out.
While Tuesday was a joyous day for some community members, Prime Minister Hun Sen’s decision to scrap the proposed multimillion-dollar expressway designed to ease traffic congestion has undoubtedly drawn criticism from some corners of Phnom Penh.
After the announcement made by Prime Minister Hun Sen on January 5 which tentatively approved an expressway from the Phnom Penh International Airport to the city centre, residents living beside the existing railway have become concerned as concrete details remain elusive.
Prime Minister Nguyen Tan Dung has approved a plan to raise the charter capital of Vietnam Expressway Corporation (VEC) under the Ministry of Transport (MoT).
The investor and the oversight body have just received a ‘yellow card’ from the transport authority for poor performance on the Trung Luong-My Thuan expressway project in the southern region.
The construction of a 63.8km-section of the Bac Giang-Lang Son Expressway and the strengthening of 110km of National Road 1's surface began yesterday in the Lang Son Province.