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

  • Vietnam's mighty road budget
    February 7, 2012
    A massive budget for highway construction and upgrading is being set in place by the Vietnamese authorities. In all some US$18.73 billion is being set aside for the construction and development of Vietnam's expressway system.
    Read More
  • ADB providing funding for Pakistan highway
    June 22, 2016
    Much of the funding for the completion work necessary for Pakistan’s M-4 Highway is being provided by the Asian Development Bank. This will come in the shape of a loan worth US$100 million. A further $34 million in funding is being provided through a grant from the Department for International Development (DFID) in the UK. The highway is of enormous economic importance for Pakistan and the region as it will boost trade and assist with political stabilisation of the region. The M-4Highway forms part of an
    Read More
  • Vietnam's new highway - coming soon
    May 30, 2012
    Construction work will commence shortly on a new 220km transnational highway in Vietnam. The first phase of the project is expected to cost US$390 million and in all the road will cost in the region of $500 million. Some $134 million for the project is being supplied in loan form from South Korea, with a $25 million loan from Australia and a $75 million loan from the Asian Development Bank.
    Read More
  • Vietnam plans highway building
    February 24, 2012
    Vietnam Expressway Corporation (VEC) reports strong interest in for the 58km Ben Luc-Long Thanh expressway project.
    Read More

Highlighted Content