Vietnam's new highway - coming soon

Construction work will commence shortly on a new 220km transnational highway in Vietnam. The first phase of the project is expected to cost US$390 million and in all the road will cost in the region of $500 million. Some $134 million for the project is being supplied in loan form from South Korea, with a $25 million loan from Australia and a $75 million loan from the 943 Asian Development Bank. The project is due for completion in late 2013 and the Asian Development Bank will be involved in the second stage of the project.