• An Giang
  • Binh Duong
  • Binh Phuoc
  • Binh Thuan
  • Binh Dinh
  • Bac Lieu
  • Bac Giang
  • Bac Kan
  • Bac Ninh
  • Ben Tre
  • Cao Bang
  • Ca Mau
  • Can Tho
  • Dien Bien
  • Da Nang
  • Da Lat
  • Dak Lak
  • Dak Nong
  • Dong Nai
  • Dong Thap
  • Gia Lai
  • Ha Noi
  • Ho Chi Minh
  • Ha Giang
  • Ha Nam
  • Ha Tinh
  • Hoa Binh
  • Hung Yen
  • Hai Duong
  • Hai Phong
  • Hau Giang
  • Khanh Hoa
  • Kien Giang
  • Kon Tum
  • Lai Chau
  • Long An
  • Lao Cai
  • Lam Dong
  • Lang Son
  • Nam Dinh
  • Nghe An
  • Ninh Binh
  • Ninh Thuan
  • Phu Tho
  • Phu Yen
  • Quang Binh
  • Quang Nam
  • Quang Ngai
  • Quang Ninh
  • Quang Tri
  • Soc Trang
  • Son La
  • Thanh Hoa
  • Thai Binh
  • Thai Nguyen
  • Thua Thien Hue
  • Tien Giang
  • Tra Vinh
  • Tuyen Quang
  • Tay Ninh
  • Vinh Long
  • Vinh Phuc
  • Vung Tau
  • Yen Bai

ADB loans over $930 mil. for highway building

VGP – The highway Hồ Chí Minh City-Long Thành-Dầu Giây is expected to improve the traffic infrastructure and minimize negative impacts on economic growth in Hồ Chí Minh City and its surrounding provinces.

March 20, 2009 5:05 PM GMT+7

Photo: VGP

A loan agreement for the highway project was inked today between the State Bank of Việt Nam (SBV) and the Asia Development Bank (ADB).

To fund the US $932.4-million construction, ADB pledged to offer US $410.2 million from its ordinary capital resources (OCR).

Another US $516.5 million will come from the Japanese Government through the Japanese Bank for International Cooperation (JBIC).

The Vietnamse Government is in charge of allocating the corresponding capital of US $5.7 million.

The highway Hồ Chí Minh City-Long Thành-Dầu Giây runs 51 km in total length, including a 1.7-km bridge across the Đồng Nai River in Long Thành.

The construction is scheduled to be completed in 2014.

By Phương Uyên