Vietnam Road Asset Management Project

closed

The objective of the Vietnam Road Asset Management Project is to improve the efficiency and sustainability of the road asset management and maintenance practices performed by the country’s Ministry of Transport on national roads. The project consists of the following components: 1) Road Asset Management System (RAMS) development, with a goal towards financing the development and implementation of a comprehensive Road Asset Management System; 2) road asset preservation, aimed at supporting Performance-Based Contracts (PBCs) to demonstrate more efficient maintenance of selected highways, in addition to funding traditional road asset maintenance works; 3) road asset improvement, with an objective of financing improvement of road assets for high priority road sections of the national road network and other related activities, supervision of improvement works and undertaking of environmental and social monitoring; and undertaking technical, internal and financial audits; and 4) institutional strengthening, aimed at supporting targeted activities to develop the capacity of Vietnam’s road agencies to undertake better planning, budgeting, constructing, and monitoring of road assets.