WB funds 14 mln USD for Hanoi Highway expansion
A credit contract worth more than 289.75 billion VND (13.75 million USD)
to develop the second phase of a BOT (Build-Operate-Transfer) project
to extend the Hanoi Highway was recently signed with the World Bank.
A credit contract worth more than 289.75 billion VND (13.75 million USD)
to develop the second phase of a BOT (Build-Operate-Transfer) project
to extend the Hanoi Highway was recently signed with the World Bank.
Signatories were the HCM City Financial Investment Company (HFIC) and Hanoi Highway Investment and Construction Joint-Stock Company. The loan will be sourced from the WB's Local Development Investment Fund, to be repaid over 14 months.
The second phase of the project includes an expansion of a three-kilometre stretch of the highway starting from the Thu Duc intersection as well as an upgrade of paralleled roads along the highway, starting from Saigon Bridge to Rach Chiec Bridge.
The second phase, with an investment of 518 billion VND (24.57 million USD), is expected to be finished by early next year.
The first phase, which includes an expansion stretching from Saigon Bridge to Thu Duc intersection, had a total investment of 497.7 billion VND (23.61 million USD), of which 290.5 billion VND (13.78 million USD) was from the HFIC.
To be eligible for the Local Development Investment Fund capital, HFIC assessed the project and ensured the investor followed the World Bank capital borrowing procedures.-VNA
Signatories were the HCM City Financial Investment Company (HFIC) and Hanoi Highway Investment and Construction Joint-Stock Company. The loan will be sourced from the WB's Local Development Investment Fund, to be repaid over 14 months.
The second phase of the project includes an expansion of a three-kilometre stretch of the highway starting from the Thu Duc intersection as well as an upgrade of paralleled roads along the highway, starting from Saigon Bridge to Rach Chiec Bridge.
The second phase, with an investment of 518 billion VND (24.57 million USD), is expected to be finished by early next year.
The first phase, which includes an expansion stretching from Saigon Bridge to Thu Duc intersection, had a total investment of 497.7 billion VND (23.61 million USD), of which 290.5 billion VND (13.78 million USD) was from the HFIC.
To be eligible for the Local Development Investment Fund capital, HFIC assessed the project and ensured the investor followed the World Bank capital borrowing procedures.-VNA
You should also see
Lang Son province seeks global status for local geopark
A dossier has been built by the People’s Committee of the northern mountainous province of Lang Son to seek the UNESCO recognition of Lang Son Geopark as a global one.
See more
Videos
Hung Kings’ Commemoration Day - Vietnam’s long-held tradition
Many Vietnamese have learned by heart a “six-eight” iambic couplet verse stating that no matter how far Vietnamese people travel, they always remember the Hung Kings’ Commemoration Day. This important holiday falls on the tenth day of the third lunar month in remembrance of Vietnam’s Hung Kings.
Society
Da Nang teams up with CityNet for urban development
Leaders of the central coastal city of Da Nang on April 17 discussed cooperation measures with Jeong-kee Kim, visiting Chief Executive Officer of the Secretariat of CityNet, the regional network of local authorities for the management of human settlements.
Society
Books published to mark 70th anniversary of Dien Bien Phu Victory
The Su That (Truth) National Political Publishing House and the Party Committee of northern Dien Bien province on April 17 unveiled a series of books marking the 70th anniversary of Dien Bien Phu Victory.
Society
Roundtable talks challenges to energy systems of Vietnam, Russia
Challenges to the energy sectors of Vietnam and Russia, as well as solutions to them were discussed at an international roundtable held at Moscow Power Engineering Institute (MEI) on April 16.
Society
Remains of soldiers defending northern border reburied
A ceremony was held at the Vi Xuyen National Martyrs’ Cemetery in the northernmost province of Ha Giang on April 17 to pay tribute to and re-bury remains of nine soldiers who fell down in the battles defending the northern border.
