Vietnam Seeks Drastic Acceleration of High-Speed Highway Project

Contractors working on the construction of a high-speed highway between the Vietnamese capital Hanoi and the port city of Haiphong should “drastically” accelerate the pace, the government said.

The process of building the 105-kilometer (65 miles) highway has been slow, with roughly a third of the road complete, according to a posting on the Vietnamese government website that cited Transportation Minister Dinh La Thang. Delays have been largely related to soft ground and land clearance, the government said.

Contractors told Thang yesterday they were committed to ensuring the highway would be operational by 2015.

In 2011, the Vietnam Infrastructure Development & Finance Investment Joint-Stock Co., which was assigned in 2007 by the government to be the project investor, set a target for the highway to become operational in 2013. Earlier plans called for the project to be completed in 2011.

To contact Bloomberg News staff for this story Jason Folkmanis in Ho Chi Minh City at folkmanis@bloomberg.net

To contact the editor responsible for this story: K. Oanh Ha at oha3@bloomberg.net

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