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The Republic of Korea will extend a $50 million loan to Viet Nam through the Economic Development Cooperation Fund, which provides official development assistance to developing countries. Australia will extend grants of $8 million to Cambodia and $25.5 million to Viet Nam.
Cambodia will provide $3.7 million and Viet Nam will contribute $58.2 million to complete funding for the project.
“Cooperation in the transport sector has been given a high priority in the Greater Mekong Subregion because the poor state of transport infrastructure is a major constraint to economic growth, trade and other forms of cooperation,” said Paul Vallely, senior transport specialist of ADB’s Southeast Asia Department...
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