WB-funded water supply project added 20 mln USD loan
Deputy PM Hoang Trung Hai has allowed the first phase of the “Urban Water Supply and Wastewater” project to receive an additional 20 million USD loan from the World Bank's IDA.
A wastewater treatment project in southern Soc Trang city. (Photo: VNA)
Deputy Prime Minister Hoang Trung Hai has given the nod for the first phase of the “Urban Water Supply and Wastewater” project to receive an additional 20 million USD loan from the International Development Association (IDA) of the World Bank (WB).
The deputy prime minister requested the Ministry of Investment and Planning in coordination with the Ministry of Construction to work with the WB to allocate the additional loan to project components while the State Bank of Vietnam was appointed to work out the loan transfer method.
The “Urban Water Supply and Wastewater” project includes two components. Its first component, including 14 sub-projects, aims to upgrade water supply and wastewater drainage systems in 10 provinces nationwide, such as Quang Ninh, Ninh Binh, Nghe An, Quang Tri, Quang Nam, Kien Giang, Lam Dong, Binh Duong, Binh Phuoc and Kien Giang and the second one involves technical support from the Ministry of Investment and Planning and the Ministry of Construction.
The WB-funded project has a total investment of 236.2 million USD, including 200 million USD sourced from the IDA.
🅠Carried out from 2011-2016, the project ha💮s completed about 57.4 percent of its works and disbursed 45 percent of its budget.-VNA
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The State Bank of Vietnam and the World Bank signed agreements for a total of 450 million USD worth of loans to further improve Ho Chi Minh City's environment and sanitation.
The Hanoi City People’s Committee has agreed to invest over 310 billion VND (14.5 million USD) in expanding the Ho Tay wastewater treatment plant, aiming to ensure environmental hygiene around the West Lake.
The Prime Minister has approved Official Development Assistance (ODA) loans to finance their international supervision-consultancy services for six projects on water supply and solid waste and wastewater treatment.
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A wastewater treatment project in southern Soc Trang city. (Photo: VNA)
