ADB to provide $29 million for highways

Published: 12/12/2008 05:00

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Update from: http://www.thanhniennews.com/politics/?catid=1&newsid=44541

The Asian Development Bank (ADB) will offer a loan and grants worth US$29 million to help Vietnam build expressways.

Under agreements signed in Hanoi Friday between the State Bank of Vietnam and ADB, a technical assistance loan of $26 million will finance the designs for three expressway projects.

The projects include the 120 kilometer Hanoi–Lang Son Expressway, the 120 kilometer Ha Long–Mong Cai Expressway in the northern region and the 60 kilometer Ben Luc–Long Thanh Expressway, a key section of the Ho Chi Minh City urban expressway network.

Two further technical assistance grants totaling $3 million will be used for the three projects.

Reported by Bao Van

Provide by Vietnam Travel

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