Hanoi (VNA) – The World Bank has approved 80million USD in loan to enhance the quality of key urban infrastructure in Thai Nguyencity, the capital of northern Thai Nguyen province.
The funds will be spent to construct and upgrade urbanroads and bridges, improve local drainage system, urban amenities and publicspaces and build preschools. It will also support better urban planning andmanagement, taking into account climate change and disaster risks.
The project is expected to directly benefit more than81,000 residents of the city from improved urban infrastructure that willreduce the risk of flooding and expand access to improved sanitation, reducevehicle travel times on new and improved roads and increase access to childcare services and public spaces.
It will also improve connectivity to industrial parks,commercial establishments and tourist attractions, which will benefit workersand merchants commuting to and from the project city as well as touristsvisiting Thai Nguyen city.
Furthermore, support will be provided to the governmentof Thai Nguyen to strengthen its capacity for integrated urban planning, publictransport planning and sustainable asset management.
The project is estimated to cost about 100 million USD,including 80 million USD financed by the WB’s International DevelopmentAssociation (IDA) and 20 million USD from the provincial government.
Thai Nguyen city is the capital of Thai Nguyen province andthe regional hub of the northern mountainous region. The city is located in theHanoi Capital Region, with newly constructed highway connections facilitatingaccess to the capital, just 80 km away.
It has a total natural area of approximately 223 sq.kmand a population of more than 362,900 people.-VNA