BIDV finances VND 1.6 trillion for expansion of national highway No 51
A credit agreement to this effect was signed on February 16 in Dong Nai province between Bien Hoa-Vung Tau Expressway Development Joint Stock Company and BIDV’s Dong Nai branch. The total investment for National Highway No 51 expansion project is put at nearly VND 2.1 trillion.
The project will be carried out in different phases. In the first phase, BIDV will provide a loan worth VND 400 billion. Construction will be started in the second quarter of 2009 and finished in two and a half years later.
The Bien Hoa-Vung Tau Expressway Development JSC with shareholders including the Vietnam Industrial Zone and Urban Development and Investment Corporation (IDICO), Song Da Corporation and the Bank for Investment and Development of Vietnam (BIDV). The company is assigned by the Prime Minister to carry out the project to expand National Highway No 51 and the Bien Hoa - Vung Tau Expressway. The Bien Hoa - Vung Tau Expressway project has a total investment of VND 15.5 trillion and is currently under assessment by the Ministry of Transport.
