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ADB loans nearly 160 million USD to Vietnam building highway
The agreements for nearly 160 million USD in loans for improving the Vietnam`s infrastructure have been inked by Governor of State Bank of Vietnam Nguyen Van Binh and Tomoyuki Kimura, the ADB`s Vietnam country director, in Hanoi on May 8.
The State Bank of Vietnam has signed with the Asian Development Bank agreements for nearly 160 million USD in loans for building the Noi Bai-Lao Cai Highway and preparations for Beltway No 3 in HCM City.
The first agreement was for an additional loan of 147 million USD to complete the Noi Bai-Lao Cai Highway, a key road link between Hanoi and the north-western border with China.
The implementation period will be lasted in 2015 and 2016.
The deal aim to financing the additional assistance for Noi Bai-Lao Cai Highway project to support economic growth and employment in the provinces of Lao Cai, Yen Bai, Phu Tho, and Vinh Phuc.
The second agreement was for a 12.58 million USD loan for preparations for Beltway No 3 in HCM City.
The loan will help conduct surveys and plan to invest in sub-projects in order to meet the demand for transportation of goods and passengers, and avoid traffic congestion in the center of HCM City.
The first agreement was for an additional loan of 147 million USD to complete the Noi Bai-Lao Cai Highway, a key road link between Hanoi and the north-western border with China.
The implementation period will be lasted in 2015 and 2016.
Photo for illustration
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The second agreement was for a 12.58 million USD loan for preparations for Beltway No 3 in HCM City.
The loan will help conduct surveys and plan to invest in sub-projects in order to meet the demand for transportation of goods and passengers, and avoid traffic congestion in the center of HCM City.
