illustrative photo (Source: VNA)Hanoi (VNA) - The World Bank’s Board ofExecutive Directors has approved 315 million USD in financing to improve watertransport infrastructure and sanitation and transport services in Vietnam.
Of the total sum, 236 million USD will bedirected to the Vietnam Coastal Cities Sustainable Environment Project, whichis expected to benefit around 1.1 million residents in the target central areasof Dong Hoi, Quy Nhon, Nha Trang, and Phan Rang – Thap Cham.
The investment, of which 190 million USD werefrom the International Development Association (IDA) and 46 million USD fromthe International Bank for Reconstruction and Development (IBRD), will focus onflood reduction, drainage, wastewater treatment plants, school sanitation andpublic toilets, among other work.
The project will also improve priority roads andbridges along canals, drains, and rivers, thereby strengthening connectivityand relieving traffic pressure.
The remaining 78.74 million USD is an IDA creditfor the Northern Delta Transport Development Project.
It will finance the construction of a canallinking the Day and Ninh Co rivers with a navigational lock to improve freightvessel access to Ninh Phuc port, the main inland waterway port in Ninh Binhprovince.
Construction of the canal is expected tofacilitate economic activity by reducing logistics costs, and to mitigate therisks of climate change by reducing the emission of greenhouse gases incurredin freight transportation.
Together with other inland waterwayinfrastructures already financed under the project, the Day-Ninh Co canal willcomplete a through-corridor for seagoing vessels between the estuary of theNinh Co River and Ninh Phuc port. This will enable round-the-clock waterwayaccess to vessels up to 3,000 tonnes in capacity.
World Bank Country Director for Vietnam OusmaneDione stressed that an integrated approach to the development of transport,water, and sanitation services is vital to sustained growth in Vietnam.
“As highlighted in the Vietnam 2035 report, weare strongly committed to the partnership with Vietnam to deliver solutionsefficiently and effectively,” he said.-VNA
VNA
