MIGA guarantees loan of $500 million for BT20 National Highway 20 upgrade, expansion

The Multilateral Investment Guarantee Agency (MIGA) of the World Bank Group announced on March 11 that it will guarantee Sovereign Financial Obligations Cover of $500 million for the upgrade and expansion of BT20 National Highway 20.

MIGA will support for the project’s loan lenders for 15 years. Goldman Sachs along with Sumitomo Mitsui Banking Corporation and a syndicate of other international commercial banks arranged the loans.

The project will be developed under the forms of BOT (build-operate-transfer) and BT (build-transfer).

The 124-kilometer road will be the main route connecting Ho Chi Minh City and the central highlands. It started construction in January 2014.

By Ham Yen - Translated by Uyen Phuong

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