Vietnam News

May, 28 2015 23:05:29

South Korea to help VN manage highways

HA NOI (VNS) – The Ministry of Transport and the Korea International Cooperation

Agency signed a memorandum of understanding (MoU) today to assist in the management

of Viet Nam's highway system.

The three-year Enhancing Capacity and Maintenance Management of Viet Nam's Highways

project will allocate US$1.5 million in non-refundable funds from the Republic of Korea.

Accordingly, South Korea will provide technical assistance and technological transfers to

Viet Nam, as it shares its experience in operating and maintaining the system of highways.

South Korea will also provide Viet Nam with legal consultations in the management of

highways in Viet Nam, training courses to strengthen the abilities of officials in the field,

and equipment and facilities where needed.

Viet Nam currently maintains six highways with a total length of 300km, with plans to increase

the highway system to 2,000km by 2020. To that end, the demand for employees

who are capable of operating and managing highways is expected to rise rapidly.

South Korea has also assisted Viet Nam in building road and bridge infrastructures

through loans of $1.2 billion, which equals 57 per cent of the total amount the country has

committed to loan Viet Nam. - VNS