JBIC and ADB to sponsor to build HCM City-Long Thanh-Dau Giay highway

07:08, 07/08/2007

Japan Bank for International Cooperation (JBIC) and the Asian Development Bank has agreed to sponsor US$600 million for the HCM City-Long Thanh-Dau Giay highway project.

Japan Bank for International Cooperation (JBIC) and the Asian Development Bank has agreed to sponsor US$600 million for the HCM City-Long Thanh-Dau Giay highway project.

 

The project, with total investment capital of VND18,884 billion, is expected to start construction in the fourth quarter of the year and be completed by 2019.

 

Under planning, the HCM City-Long Thanh-Dau Giay highway will have a total length of 54.9km and meet international standards.

 

Reported by PV