Saturday, May 26 2018

VietNamNews

ADB gives loans for urban infrastructure

Update: November, 11/2013 - 11:28
The funding is expected to help increase the use of community healthcare services and their quality in five Central Highlands provinces, and enhance access to income opportunities for the poor in the Greater Mekong Subregion (GMS).— File Photo

HA NOI (VNS)— The Asian Development Bank (ADB) and the Vietnamese Government have signed agreements for two loans and a non-refundable grant worth nearly US$166 million to improve the urban environment and climate resilient infrastructure in three local cities.

The funding is expected to help increase the use of community healthcare services and their quality in five Central Highlands provinces, and enhance access to income opportunities for the poor in the Greater Mekong Subregion (GMS).

At the signing ceremony on Friday, Country Director for Viet Nam Tomoyuki Kimura said: "The projects will help the Vietnamese Government to address the consequences of rapid urbanisation, and improve disaster response, climate resilience and environmental quality in urban areas, while increasing access to healthcare services."

The first $95 million loan from the Asian Development Fund (ADF) will help the cities of Buon Ma Thuot, Ha Tinh, and Tam Ky improve their solid waste management, and upgrade urban roads, flood dykes and basins for flood protection.

The second $70 million ADF loan is for a healthcare project in the Central Highlands provinces of Dak Lak, Dak Nong, Gia Lai, Kon Tum, and Lam Dong.

It will help the beneficiaries reduce maternal and child mortality by addressing access to commune medical stations and hospitals and strengthening provincial healthcare management.

The grant agreement, funded by the Japanese government, will provide $833,000 in assistance on a grant basis under the Japan Fund for Poverty Reduction.

The project will help transform the GMS into a fully fledged economic corridor by enhancing access to income opportunities through the creation of trade and financing conduits for poor informal traders, mostly women, as well as training and programme management for town and city officers. — VNS

Send Us Your Comments:

See also: