Vietnamese City to Ease Road Congestion with ADB Aid

The Asian Development Bank is providing USD636 million for the construction of a modern expressway in the southern district of Vietnam’s Ho Chi Minh City.

The loan is part of ADB’s USD1.1 billion financing package for two major transportation projects that aim to unclog the city’s overcrowded roadways. The package includes the USD540 million that will be used to help construct a second mass transit line in the city, as Devex has reported.

>> Donors Pledge Support for Vietnam Transport Scheme

“These projects will significantly reduce traffic congestion, help lower traffic accidents, and abate carbon emissions,” said James Lynch, head of ADB’s Transport and Urban Transport Division for Southeast Asia, in a news release.

About the author

  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.

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