5:30:21 PM | 7/1/2009
The Asian Development Bank (ADB) will provide loans worth US$1.096 billion to Vietnam to construct a 6-lane expressway linking Hanoi and Lao Cai, said the government of Vietnam.
The fund will include US$896 million of commercial loans and US$200 million of soft loans
The expressway will cost US$1.216 billion, the government said.
The road will be developed into two phases with 245 kilometers to be built at a total cost of US$770 million in first stage and the remainder in the second phase after 2020.
The Ministry of Transport and Vietnam Expressway Corp will the project investors. (www.chinhphu.vn)
April 24–25, 2026
Kinh Bac Cultural Center, Bac Ninh Province
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