The Project constructs a 57.1 km expressway between Ben Luc and Long Thanh (BLLT) in the south of Ho Chi Minh City (HCMC), which is a short link of the GMS Southern Economic Corridor. The project expressway is divided into a western section (19.8 km), a middle section (11.0 km), and an eastern section (26.3 km). For the expressway construction, ADB finances the western and eastern sections, and Japan International Cooperation Agency (JICA) finances the middle section. The project was estimated to cost $1.608 billion at appraisal, inclusive of local taxes, contingencies, and financing charges during development. A multitranche financing facility (MFF) is applied to the Project. MFF 0053-VIE was approved for $636 million on 14 December 2010. In response to the Government's periodic financing request, Loan 2730-VIE (Tranche 1) to construct the western section of the Expressway was approved for $350 million on 21 December 2011.
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