International funding for Vietnam project

Funding for a 3km cable-stayed bridge in Vietnam's Mekong Delta region will be boosted with financial backing from the Export-Import Bank of Korea (Korea Eximbank).
February 13, 2012 Read time: 1 min
Funding for a 3km cable-stayed bridge in Vietnam's Mekong Delta region will be boosted with financial backing from the Export-Import Bank of Korea (Korea Eximbank). In all, the bank will provide US$200 million financial assistance from its economic development cooperation fund (EDCF). This is the biggest financial aid ever offered by the EDCF. The project is receiving major assistance from international sources. The bridge project forms part of the $750 million Central Mekong Delta Region Connectivity Project, in which the Philippine-based 943 Asian Development Bank (ADB) and AusAid of Australia would also contribute towards the development. While AusAid would assist in the construction of one more bridge in Cao Lanh area with a financial aid of $130 million, ADB would pump $220 million into the construction of a highway of 16km to link the two bridges.
Road Structures

For more information on companies in this article

Related Content

  • New bridge over Nile will help landlocked Uganda
    April 3, 2013
    A new River Nile bridge is essential to boost trade and improve traffic in landlocked Uganda. Shem Oirere reports A new bridge across the River Nile at Jinja, to be constructed by Uganda, is promising to boost trade in eastern Africa and pave the way for smooth and safe traffic in and out of this landlocked country. The bridge, also known as the Second Nile Bridge, is the first cable-stayed bridge in the region and will be constructed at Njeru, 80km east of the Ugandan capital Kampala, along the Kampala-Jin
    Read More
  • Papua New Guinea is set for extensive road bridge work upgrades
    January 21, 2015
    Papua New Guinea is set to start road and bridge upgrades that could cost upwards of US$576 million. Work on bridges will be paid partly through agreements with the Australian Department of Foreign Affairs, amounting to around US$53 million, and the Asian Development Bank which is putting in nearly $32 million. The Australian Department of Foreign Affairs has also earmarked $101 million to upgrade of arterial roads to standard concrete in the port city of Lae, the capital of Morobe Province. Lae, the
    Read More
  • GRAA winner profile: world’s longest suspension bridge has opened in Turkey
    May 3, 2022
    The opening of the majestic 1915 Canakkale Bridge on March 18, 2022, well ahead of its initial schedule, has set new records for Turkey and international bridge engineering. After Istanbul's three bridges over the Bosphorus Strait, Turkey now boasts a fourth bridge connecting Europe and Asia, and the first to span the Dardanelles Strait.
    Read More
  • Vietnam’s massive road expansion plans
    March 13, 2024
    Vietnam has massive road expansion plans, with 19 transport projects in the frame.
    Read More

Highlighted Content