Tuesday, July 17 2018

VietNamNews

BIDV to fund road project in Quang Nam

Update: November, 19/2013 - 10:59
The loan will enable CIENCO5 to upgrade a 40-km section of National Highway 1, which runs through the central province of Quang Nam.— File Photo

HCM CITY (VNS)— The Bank for Investment and Development of Viet Nam has entered a credit contract to provide a loan of VND1.246 trillion (US$59 million) to CIENCO5's project over a period of 16.5 years.

The loan will enable CIENCO5 to upgrade a 40-km section of National Highway 1, which runs through the central province of Quang Nam.

This is part of the VND30 trillion (US$1.4 billion) credit package the bank signed early this year with the Ministry of Transport to fund the Build-Operate-Transfer project to enlarge the highway. — VNS

Send Us Your Comments:

See also: