Thursday, October 27 2016


Programme for upgrade of canals gets more funds

Update: June, 02/2015 - 12:35
Fishermen harvest basa fish in Dong Thap Province. Localities nation-wide can borrow money from the Viet Nam Development Bank to develop infrastructure for its aquaculture sector under a Government's programme. — Photo

HA NOI (VNS) — Prime Minister Nguyen Tan Dung has approved VND5 trillion (US$229.2 million) more for a programme to upgrade canals, rural roads and aquaculture infrastructure for this year.

The total capital for the five-year programme is now VND10 trillion ($458.5 million).

Under the programme, covered in decision number 13/2009/QD-Ttg, localities will receive preferential credit loans from the Viet Nam Development Bank to improve canal systems, rural roads and to develop the infrastructure of the aquaculture sector.

The capital will be mobilised from the State Budget, the Viet Nam Development Bank and other sources.

Dung asked the ministries of finance and planning and investment to co-operate with the bank for effective implementation of the programme. — VNS

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