New Vietnam beltway finds funding

Funding has been found for a new beltway project in Vietnam. The work will be financed jointly by the Asian Development Bank (ADB) and the State Bank of Vietnam (SBV). The two have signed agreements for loans worth close to US$160 million for the project. ADB will provide a $12.58 million loan to finance preparation works for Beltway No3 in Ho Chi Minh City in Vietnam. In addition, ADB will provide an additional $147 millionn loan to complete the Noi Bai-Lao Cai Highway. The highway of 244km is part of the
May 11, 2015 Read time: 1 min
Funding has been found for a new beltway project in Vietnam. The work will be financed jointly by the Asian Development Bank (ADB) and the State Bank of Vietnam (SBV). The two have signed agreements for loans worth close to US$160 million for the project. ADB will provide a $12.58 million loan to finance preparation works for Beltway No3 in Ho Chi Minh City in Vietnam. In addition, ADB will provide an additional $147 millionn loan to complete the Noi Bai-Lao Cai Highway. The highway of 244km is part of the Kunming-Hai Phong Transport Corridor, which connects the north-western border of China and Hanoi, Vietnam.
Road Structures Finance & Funding

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Vietnam’s new beltway project

Work is progressing in Vietnam’s Ho Chi Minh City for construction of the new Beltway No3. An additional US$128.6 million is being set aside from the city’s budget to speed up work on the highway. The new beltway will measure 90km long, will allow vehicle speeds of up to 100km/h, with from two to four lanes in either direction. The route is being built in four sections. One stretch connects the Trung Luong expressway and National Highway No 22, another links National Highway No 22 and Binh Chuan, one joins
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