ADB aids Vietnam, Cambodia<\/p>\n
HANOI (Reuters): The Asian Development Bank on Saturday signed
\nan agreement to lend Vietnam and Cambodia US$140 million to
\nupgrade a highway joining southern Ho Chi Minh City and Phnom
\nPenh, a senior official said.<\/p>\n
Peter Sullivan, vice president for the ADB's eastern region,
\nsaid the upgrade would result in a four-lane highway on the
\nVietnamese side and two lanes in Cambodia.<\/p>\n
The loan comprised $100 million for Vietnam and $40 million
\nfor Cambodia, Sullivan told Reuters at the end of a meeting of
\nfinance ministers from the Association of Southeast Asian Nations
\n(ASEAN) in Hanoi.<\/p>\n
Traffic and trade flows between the two countries would be
\nboosted by upgrading of the 240 km (150 mile) artery from
\nVietnam's former Saigon to the Cambodian capital, the Manila-
\nbased ADB said in a statement.<\/p>\n
Officials said upgrading work should begin in the second half
\nof the year.<\/p>\n
Many highways and roads in Indochina have been devastated by
\ndecades of war and neglect.<\/p>",
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