ADB Injects $410M Into Vietnamese Road Project

Law360, New York (August 5, 2013, 2:05 PM EDT) -- The Asian Development Bank has agreed to provide a $410 million loan to develop a major highway artery, bridges and other roads in Vietnam, a project that is expected to significantly cut travel time in the delta and southern coastal regions, according to a Monday statement.

ADB's loan will take care of nearly half of the project's more than $860 million price tag, with the rest of the funds being chipped in by the Australian Agency for International Development, the Export-Import Bank of Korea and the...
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