Nearly 290 mln USD proposed to pay foreign loans of Hanoi-Hai Phong expressway
The Ministry of Transport (MoT) has just sent a document to the Ministry of Planning and Investment (MPI) on the allocation of over 7 trillion VND (287.3 million USD) worth of medium-term foreign capital in the 2021-2025 period for the Hanoi - Hai Phong expressway project.
Hanoi (VNA) – The Ministry of Transport (MoT) has just sent adocument to the Ministry of Planning and Investment (MPI) on the allocation of over7 trillion VND (287.3 million USD) worth of medium-term foreign capital in the2021-2025 period for the Hanoi - Hai Phong expressway project.
Accordingly, the MoT proposed the MPI to report to theGovernment to submit to the National Assembly Standing Committee for permission to allocate the medium-term public investment plan for the 2021-2025 periodwith foreign capital for the Hanoi - Hai Phong expressway under the policy ofallowing the transfer of on-lending and government loan guarantee into statebudget allocation, approved by the National Assembly in Resolution 63/2022/QH15dated June 16, 2022.
The amount will be used to pay almost 4.7 trillion VND in theprincipal of a loan from the Export-Import Bank of Korea and over 2.33 trillion VNDin the principal of a loan from the German Development Bank (KfW).
The 105.5km Hanoi-Hai Phong expressway had a totalinvestment of over 45.48 trillion VND. It was opened to traffic in 2015./.
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The Hanoi - Hai Phong expressway (Photo: VNA) 
