Viet Nam: GMS Ben Luc-Long Thanh Expressway - PFR 2

Sovereign Project | 41414-063

Summary

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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Project Name GMS Ben Luc-Long Thanh Expressway - PFR 2
Project Number 41414-063
Country Viet Nam
Project Status Proposed
Project Type / Modality of Assistance Loan
Source of Funding / Amount
Loan: GMS Ben Luc-Long Thanh Expressway - PFR 2
Ordinary capital resources US$ 286.00 million
Strategic Agendas Inclusive economic growth
Regional integration
Drivers of Change Governance and capacity development
Partnerships
Sector / Subsector Transport - Transport policies and institutional development
Gender Equity and Mainstreaming Some gender elements
Description 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. The Loan and Project Agreements for Loan 2730-VIE were signed on 5 May 2011 and 25 May 2011, respectively, and became effective on 2 December 2011. Given the project implementation delay due to the necessary change in the technical designs of the Expressway and insufficient allocation of the counterpart funds in 2012 and 2013, the loan closing date was extended to 31 December 2019. The Government plans to submit a periodic financing request for Tranche 2 in the amount of $286 million in 2015 to construct the eastern section of the Expressway.
Project Rationale and Linkage to Country/Regional Strategy In the south of Ho Chi Minh City (HCMC), the east-west traffic is restricted due to the lack of river crossing facilities, forcing vehicles into the center of HCMC. A substantial shift has occurred from motorcycles to passenger cars in the project area, further exacerbating traffic congestion. Construction of HCMC ring roads to establish connectivity with neighboring cities through expressway links is a high priority of the government, In this regard, the project will facilitate east-west traffic south of HCMC., thereby diverting through-traffic and reducing traffic congestion in the center of HCMC. Through construction of the project expressway, the connectivity of cities and towns around HCMC will also be improved, and transport costs and travel times for the movement of passengers and goods in and around HCMC will be reduced. Moreover, the project expressway is identifieds as a part of national north-sough expressway that links into the Mekong Delta, which is the rive bascket of Asia. It will be used as a freight route to transport food produced in the Mekong Delat to the rest of the country and overseas via land and maritime transport.
Impact TBD
Outcome TBD
Outputs TBD
Geographical Location
Safeguard Categories
Environment A
Involuntary Resettlement C
Indigenous Peoples C
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design
During Project Implementation
Business Opportunities
Consulting Services All consulting services to be financed out of the proceeds of the ADB loan will be subject to and governed by ADB's Guidelines on the Use of Consultants (2013, as amended from time to time).
Procurement All works to be financed out of the proceeds of the ADB loan will be subject to and governed by ADB's Procurement Guidelines (2015, as amended from time to time).
Responsible ADB Officer Mitsuhiro Yao
Responsible ADB Department Southeast Asia Department
Responsible ADB Division Transport and Communications Division, SERD
Executing Agencies
Viet Nam Expressway CorporationHamlet 2, Linh Nam Ward
Hoang Mai District, Ha Noi
Timetable
Concept Clearance -
Fact Finding -
MRM 16 Sep 2015
Approval 18 Dec 2015
Last Review Mission -
Last PDS Update 31 Mar 2008

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