Vietcombank has arranged a syndicated loan worth nearly VNĐ27.1 trillion (US$1.03 billion) to finance the expansion of the HCM City - Trung Lương - Mỹ Thuận Expressway under the public-private partnership (PPP) model.

The syndicated credit agreement was signed on July 16 in Hà Nội between project company BOT Sài Gòn - Mỹ Thuận Co., Ltd. and a consortium of six lenders comprising Vietcombank, the lead arranger, together with VietinBank, BIDV, Agribank, VPBank and TPBank.

Delegates attend the syndicated loan signing ceremony in Hà Nội

Record syndicated financing for major infrastructure project

The HCM City - Trung Lương - Mỹ Thuận Expressway expansion spans more than 96 kilometres and has a total investment of VNĐ36.125 trillion. Developed under the PPP model, the project has secured nearly VNĐ27.094 trillion in syndicated financing from the six participating banks.

According to the organisers, this is the largest syndicated credit package ever arranged for a build-operate-transfer (BOT) transport project in Việt Nam, providing a strong financial foundation for one of the country's key transport infrastructure developments.

Representatives of BOT Sài Gòn - Mỹ Thuận Co., Ltd. and the six participating banks sign the syndicated credit agreement. Nguyễn Văn Lập, Director of Vietcombank HCM City Branch (front row, third from right), signs on behalf of Vietcombank

Largest credit package for a BOT transport project

Speaking at the signing ceremony, Vietcombank Chief Executive Officer Lê Quang Vinh said the expressway expansion is the largest BOT transport project in Việt Nam in terms of syndicated bank financing.

Vietcombank CEO Lê Quang Vinh speaks at the ceremony

He noted that the project will help meet rising transport demand between the Southeast region, particularly HCM City, and the Mekong Delta, while contributing to the completion of the country's north-south transport network.

Deputy Minister of Construction Bùi Xuân Dũng commended Vietcombank, in its role as lead arranger, and the five participating banks for coordinating the appraisal process, finalising lending conditions and mobilising the large-scale financing required for the project.

Deputy Minister of Construction Bùi Xuân Dũng delivers remarks at the event

"The goal is not only to complete the project on schedule, but to strive to finish it ahead of schedule so that it can serve people's travel needs sooner, support regional socio-economic development and enhance the project's investment efficiency," Dũng said.

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