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.
Road Structures

Related Content

  • Vietnam's additional highways
    March 2, 2012
    Plans are now well in hand for two major highway projects in Vietnam.
    Read More
  • Waskita Karya seeks loan for Pejagan-Pemalang toll road on Java
    January 12, 2015
    Indonesian state-owned construction firm Waskita Karya will seek a bank loan of US$338 million for its work on the Pejagan-Pemalang toll project in central Java island. The project is being managed by Pejagan Pemalang Toll Road, a subsidiary of Waskita Karya. Waskita company secretary Antonius Yulianto Nugroho said the firm has enough cash resources to cover a quarter of its financial commitment on the project and is targeting bank loans to cover the other 75%. Waskita Karya plans to carry out a bond
    Read More
  • Mega city transport in Mexico
    June 13, 2012
    Rapid urban growth is resulting in massive mega cities with major transport needs and Mexico City is one of the world’s largest – Mike Woof reports Mexico City is a vast, sprawling metropolis and one of the world’s largest cities, resulting in huge problems for its inhabitants, particularly with regard to infrastructure. Measuring population size is an inexact science for large cities as suburban areas can add to the figures considerably, especially in developing nations where unplanned expansion is as comm
    Read More
  • Moscow to turn from implementation of Fourth Ring Road project
    January 5, 2016
    The Moscow City Government plans to complete building of the North-East and North-West Chords, two of the biggest road building projects in the city for the last 15 years The links will be completed during the next several months, according to an official spokesman of the Moscow Government. Both roads are considered as a cheaper alternative to the Fourth Ring Road, the construction of which was considered by the Moscow Government several years ago. However due to huge costs, which are estimated at mo
    Read More

Highlighted Content