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 Asian transport corridor opens
    August 17, 2020
    A new Asian transport corridor is now open to traffic.
    Read More
  • Ethiopia races on with projects
    June 13, 2012
    Ethiopia is pursuing a 10-year $2.4 billion development plan, part of which are ambitious road developments. Shem Oirere reports Ethiopia is hastening its pace towards accessing a share of the East Africa commodity market and opening itself up for foreign investment through the implementation of an ambitious road development strategy, the Road Sector Development Programme (RSDP). The landlocked nation has convinced a number of international lenders of the viability of RSDP, with some of them now loosening
    Read More
  • Indonesia’s Trans-Sumatra highway inches ahead
    March 11, 2015
    Indonesia will form a consortium of state enterprises to build all the 2,700km of the Trans-Sumatra toll highway, from Lampung to Aceh on the island of Sumatra. The finance department is also setting up special infrastructure banks to provide flexible loans for the state departments to fund the project, Indonesian media reported. Indonesia recently changed the law that had the state infrastructure company PT Hutama Karya as the only organisation allowed to build major projects. Other state enterprises can n
    Read More
  • Works for Vietnam’s North-South Expressway approved
    August 8, 2022
    Works have been approved for Vietnam’s North-South Expressway.
    Read More

Highlighted Content