Business
Road project to apply for USD300 million Chinese loan
  • By Phuong Dung | dtinews.vn | May 11, 2017 03:46 PM
The northern province of Cao Bang has submitted a proposal to the government to apply for a USD300-million loan from China for an expressway project.

The 144-km expressway will run from Tra Linh Border Gate in Cao Bang to Lang Son Province’s Dong Dang Town. The government has added the route into the Vietnam’s master plan in the 2016-2020 period.


Cao Bang has submitted a proposal to the government to apply for a USD300-million loan from China for an expressway project

Earlier this year, at a meeting with authorities of Cao Bang Province, Prime Minister Nguyen Xuan Phuc agreed on the expressway construction. The PM also raised the possibility of using China’s preferential USD300 million loan for the project.

Under the Prime Minister’s instruction, the Ministry of Planning and Investment, the Ministry of Transport and the Ministry of Finance have been assigned to provide their opinions on raising capital for the project, including negotiations with China for the USD300-million loan from China.

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