Greater Mekong Subregion Ben Luc-Long Thanh Expressway Project- Tranche 2 (parallel cofinancing)

Details

Project 41414-063
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Type Loan
Sector Transport
Country Viet Nam
Start 2016
End 2023
Status Ongoing
Last Edited 05 Jul 2021

Funding

US$('000) 1,607,400
Confinancing Source: Japan International Cooperation Agency (JICA)

Project Description

The Project constructs a 57.1 km expressway between Ben Luc and Long Thanh in the south of Ho Chi Minh City (HCMC), which is a short link of the Greater Mekong Subregion (GMS) Southern Economic Corridor. The project expressway is divided into a western section (21.14 km), a middle section (10.71 km), and an eastern section (25.25 km). For the expressway construction, ADB finances the western and eastern sections, and Japan International Cooperation Agency (JICA) finances the middle section. The project was estimated to cost $1.608 billion at appraisal, inclusive of local taxes, contingencies, and financing charges during development. Tranche 2 in the amount of $286 million will cover construction of the eastern section of the expressway.




Progress (as of March 2021)

Ongoing. JICA part: J2Package is completed; J1, J3 to be completed in June 2021 and July 2020. ADB part to be completed by December 2020. The project needs to be extended until December 2023 for completion. The project-s amended Investment Policy for extension of ADB-s MFF availability period and loan closing date until December 2023 was approved by the Prime Minister in July 2020. Overall physical progress is about 76%.

Contacts

Contact 1
Contact Name Nguyen, Khoa Dinh
Organization Asian Development Bank
Email knguyen@adb.org
Contact 2
Contact Name -
Organization -
Email -

News and Multimedia


  • Travel time reduced by 20% for east-west traffic in the southern HCMC area (2015 baseline: 1.5 hours for passenger cars and 2 hours for trucks and busses between Ben Luc and Long Thanh)
  • Transport costs reduced by 20% for east-west traffic in the southern HCMC area (2015 baseline: VND 6 million to transport a 40-feet container and VND 80,000 of bus fare between Ben Luc and Long Thanh)
  • The number of trucks in general roads and highways in HCMC reduced by 30% (2015 baseline: 5,300 trucks per day on National Highway 1 in HCMC)
  • Number of traffic accidents in the project area reduced by 10% (2012 baseline: 2,118 accidents in HCMC, Long An and Dong Nai provinces)
  • Traffic volume of international cargo to and from Cambodia by GMS SEC increased by 20% (2013 baseline: 4.8 million TEUs in Saigon and Cai Mep ports)