Vietnam receives $1.1b loan for infrastructure

10/7/2008 9:28:49 AM

The Asian Development Bank (ADB) will provide US$1.1 billion in loans for Vietnam to upgrade a section of the Kunming-Hai Phong transport corridor.   The 244-kilometre highway section connecting Noi Bai and Lao Cai is part of the eastern link of the Great Mekong sub-region northern economic corridor linking Kunming City in China's Yunnan Province with Hanoi and Haiphong and Cai Lan in northern Vietnam.   Upon completion in 2012, it will help reduce traffic through the cities along the road as well as contribute to pushing up trade between Kunming and Haiphong and economic development in the northern upland provinces.   CargonewsAsia

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