JICA aids Vietnam’s expressway construction

The Ministry of Finance and the Japan International Cooperation Agency (JICA) signed an agreement in Hanoi on June 15 under which JICA will provide 40.946 billion JYP in loan for Vietnam to carry out two expressway sections.

This second loan for fiscal year 2010 will be used for the building of Ho Chi Minh – Long Thanh – Dau Giay section and the Da Nang – Quang Ngai section, part of the North-South expressway.

They are expected to help boost the development of two economic zones in the southeast and south central regions once they open to traffic.

This year marks the Japanese government as Vietnam’s largest donor, which has provided official development assistance to the country 19 consecutive years. – VOV

Tags: ,

Posted by VBN on Jun 16 2011. Filed under Infrastructure, Investment. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

You must be logged in to post a comment Login

Stay informed everyday

Subscribe to free RSS and email updates from Vietnam Business News

Subscribe via Email Subscribe in a Reader Follow us on Twitter Connect on Facebook

Sponsored

  • Looking for an overseas forex broker?
  • Trading Point now offering Forex Malaysia and FX Japan with Forex, CFD's and Futures.