Tienphongbank to co-sponsor 530 billion VND to develop the national power transmission network
TienPhongBank has become the co-sponsor of the project of development of the national power transmission network by the National Power Transmission Corporation (NPT for short).
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29/10/2009
In this sponsor project, Indovina Bank is the node bank and TienPhongBank and Bao Viet are the co-sponsors. The total sponsorship for this project is 530 billion VND, in which Indovina Bank has sponsored 280 billion VND, TienPhongBank and Bao Viet Bank has contributed 150 and 100 billion VND respectively.
This sponsor contract shall be allocated to support 17 “sub-projects” implemented by NPT to build the network of power transmission and transformer stations with the efficiency ranging from 110kV to 500kV across the nation.
The borrowing period of this Sponsor contract lasts for 12 years commencing on the first day of disbursement.
