Australia provides US$24 million for Vietnam transport infrastructure

by NDO11 February 2018 Last updated at 00:34 AM

Transport Minister Nguyen Van The (L) and Australian Ambassador to Vietnam Craig Chittick sign the agreement (credit: ND/Tran Hai)
Transport Minister Nguyen Van The (L) and Australian Ambassador to Vietnam Craig Chittick sign the agreement (credit: ND/Tran Hai)

VTV.vn - The Australian Government will provide Vietnam with a non-refundable aid package worth US$24 million to launch the Aus4Transport programme on developing transport projects in Vietnam from 2018-2022.

Vietnamese Minister of Transport Nguyen Van The and Australian Ambassador to Vietnam Craig Chittick signed a subsidiary agreement for the launch of the programme in Hanoi on February 9.

The Aus4Transport will provide the required funds and other resources for new transport projects in Vietnam from the drafting plans to the beginning of building projects.

The programme will also help to strengthen cooperation between Australian transport agencies and the Vietnamese Ministry of Transport in the area of Australia's strength including the building of transport plans and financial plans for traffic infrastructure and safety.

"Investment in transport is especially important to sustainable economic development in Vietnam. The Aus4Transport will help Vietnam secure a flexible source of finance and necessary resources to ensure the best quality of its transport projects," said Vietnamese Transport Minister Nguyen Van The.

The Australian Government has supported Vietnam's transport sector for a long time, since the construction of the My Thuan Bridge, the first cable bridge in Vietnam which opened for traffic in 2001. In addition, the Cao Lanh Bridge in Dong Thap province is scheduled for completion this year.

Tags:

Top VND Exchange Rates

Auto-refesh 15m

USD

EUR

AUD
1 VND
Inverse:
0.00004
22,510.0
0.00004
25,226.0
0.00006
15,674.0

Mid-market rates: 2018-02-21 10:32 UTC

WEATHER FORECAST

Today - Wednesday Feb, 21
Scattered Thunderstorms
20/23
Thursday Feb, 22
Scattered Showers
15/20
Friday Feb, 23
Mostly Cloudy
15/17
Saturday Feb, 24
Partly Cloudy
16/22
Sunday Feb, 25
Mostly Cloudy
18/22
Monday Feb, 26
Mostly Cloudy
19/22
Tuesday Feb, 27
Mostly Cloudy
19/25
Wednesday Feb, 28
Rain
20/25
Thursday Mar, 01
Mostly Cloudy
20/25
Friday Mar, 02
Scattered Thunderstorms
21/26