MIGA Insures Rehabilitation of Critical Road in Vietnam

The Multilateral Investment Guarantee Agency (MIGA), the political risk insurance and credit enhancement arm of the World Bank Group, announced that it is supporting the rehabilitation and expansion of BT20 National Highway 20, a critical transportation link in Vietnam. MIGA is providing non-honouring of sovereign financial obligations cover of US$500 million to the project’s lenders for a period of 15 years.

 

The National Highway 20 is the main route connecting Ho Chi Minh City with the Central Highlands region of the country. The MIGA-insured loan funds the rehabilitation of a severely deteriorated section of the road, a source of significant transportation bottlenecks and accidents.

 

This large public infrastructure project being implemented by the Government of Vietnam will follow MIGA's environmental and social sustainability policies.