US$410mn ADB loan to build second Vietnam Southern Highway

The Asian Development Bank (ADB) is to lend US$410 million to Vietnam for the construction of the Second Southern Highway that links Ho Chi Minh City and the Mekong Delta. The arterial highway will consist of two cable-stayed bridges measuring a total of 5km, and 26km of interconnecting roads and associated access. The interconnecting roads and two bridges are expected to reduce the three-and-a-half hour travel time between Long Xuyen and Ho Chi Minh City by an hour, while the 90-minute travel time between
August 14, 2013 Read time: 2 mins
The 943 Asian Development Bank (ADB) is to lend US$410 million to Vietnam for the construction of the Second Southern Highway that links Ho Chi Minh City and the Mekong 199 Delta. The arterial highway will consist of two cable-stayed bridges measuring a total of 5km, and 26km of interconnecting roads and associated access.

The interconnecting roads and two bridges are expected to reduce the three-and-a-half hour travel time between Long Xuyen and Ho Chi Minh City by an hour, while the 90-minute travel time between the Vam Cong ferry and the Cao Lanh ferry station is expected to be reduced by an hour.

Meanwhile, the 35.4km distance between Long Xuyen and Cao Lanh is expected to be cut to 29km. Construction of the two bridges is set to be launched in September 2013, and the highway and bridges, which will create 400,000 construction and manufacturing jobs, are projected to begin operation by late 2017.

Moreover, the work is projected to cost $860 million, with $260 million to be contributed by the 1290 Export-Import Bank of South Korea, $56 million from the 983 Vietnamese Government, and $143.4 million from the 3200 Australian Agency for International Development.
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