Asian Development Bank (ADB) has announced that it will loan Vietnam US$410 million to build a section of the second highway that connects Ho Chi Minh City with the Mekong Delta and some southern coastal provinces.
The project includes two cable bridges across five kilometers, and connecting and access roads across 26 kilometers. This route will pass An Giang, Can Tho, and Dong Thap Provinces to the west of the Mekong Delta.
The two bridges and connecting roads will help reduce travel time from HCMC to Long Xuyen City from 3.5 hours to 2.5 hours; from Cao Lanh Ferry Landing to Vam Cong Ferry Landing from 1.5 hours to 30 minutes; and the stretch of road between Cao Lanh and Long Xuyen from 35.4 kilometers to 29 kilometers.
The Highway is expected to be fully operational by end of 2017. Total investment in this project will be US$860 million, of which $410 million will come from ADB, $260 million from Korea Eximbank, and Australian dollar 160 million from Australian Agency for International Development.