The Multilateral Investment Guarantee Agency (MIGA), a member of the World Bank Group, announced that it will guarantee Vietnam access to US$500 million of international loans for the 15-year expansion of National Highway No.20.
Goldman Sachs, Sumitomo Mitsui Banking Corporation, and a syndicate of other international commercial banks will be providing the loans.
The expansion of a 124.77-kilometer section started January 2014.
The National Highway No.20 is the main route connecting Ho Chi Minh City with the Central Highlands.
The project aims to reduce traffic congestion.
