Ho Chi Minh City Third Ring Road Technical Assistance Project (ADB-43393-023)

Countries
  • Vietnam
Where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
C
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Feb 26, 2015
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Socialist Republic of Vietnam, Ministry of Transport
The holder of the loan, grant, or other investment.
Sectors
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 12.58 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 12.58 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 13.21 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Nov 1, 2017

Disclosed by Bank Jul 25, 2016


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Project Description
According to ADB website, the ADB is working with Viet Nam on road improvements to reduce traffic congestion in Ho Chi Minh City. The technical assistance is preparing a project to build a third ring road for the city, which will divert traffic from the city center, improve connectivity with nearby towns and cities, and cut travel times and transport costs. The Third Ring Road will be constructed at radius of bout 25 km fro the HCMC center. The Tecn Luc-Nhon Trach section in the south of HCMC is financed by ADB under the GMS Ben Luc-Long Thanh Expressway Project. The Tan Van-Binh Chuan section in the north of HCMC is financed by a private sector under the build-transfer arrangement.
Investment Description
  • Asian Development Bank (ADB)
Contact Information
Project Officer: Tanaka, Yasushi Southeast Asia Department, ADB No contact information provided at the time of disclosure. Executing Agency: Ministry of Transport Email Address: RU-PMU1@FPT.VN 80 Tran Hung Dao Hanoi, Viet Nam ACCOUNTABILITY MECHANISM OF ADB The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main