International funding for Vietnam project

Funding for a 3km cable-stayed bridge in Vietnam's Mekong Delta region will be boosted with financial backing from the Export-Import Bank of Korea (Korea Eximbank). In all, the bank will provide US$200 million financial assistance from its economic development cooperation fund (EDCF). This is the biggest financial aid ever offered by the EDCF. The project is receiving major assistance from international sources. The bridge project forms part of the $750 million Central Mekong Delta Region Connectivity Project, in which the Philippine-based 943 Asian Development Bank (ADB) and AusAid of Australia would also contribute towards the development. While AusAid would assist in the construction of one more bridge in Cao Lanh area with a financial aid of $130 million, ADB would pump $220 million into the construction of a highway of 16km to link the two bridges.