 |
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.— Photo giaothongvanrtai
|
HCM CITY (Biz Hub)— 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