The Asian Development Bank (ADB) signed an agreement on March 20 to provide the Vietnamese Government with a loan worth US$410.2 million to build a 51km expressway linking Ho Chi Minh City, Long Thanh and Dau Giay.
The US$932-million project will receive other funding from the Japan International Cooperation Agency (JICA) and the Vietnam Expressway Corporation.
The four-lane expressway runs from the centre of Ho Chi Minh City through a 1,700m bridge over the Dong Nai River to Dau Giay in Dong Nai Province.
“The new expressway will have a significant social and economic impact on Ho Chi Minh City, its surrounding provinces, and the Greater Mekong Subregion,” said Ayumi Konishi, chief ADB representative in Vietnam.
It will help regulate traffic flows and reduce transport costs and time, as well as accidents and pollution, he added. The project is scheduled for completion in 2014.
The US$932-million project will receive other funding from the Japan International Cooperation Agency (JICA) and the Vietnam Expressway Corporation.
The four-lane expressway runs from the centre of Ho Chi Minh City through a 1,700m bridge over the Dong Nai River to Dau Giay in Dong Nai Province.
“The new expressway will have a significant social and economic impact on Ho Chi Minh City, its surrounding provinces, and the Greater Mekong Subregion,” said Ayumi Konishi, chief ADB representative in Vietnam.
It will help regulate traffic flows and reduce transport costs and time, as well as accidents and pollution, he added. The project is scheduled for completion in 2014.
VOV News
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