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ADB asked to fund Moc Bai Urban Zone

Update: April, 11/2012 - 11:46

TAY NINH – Southern Tay Ninh Province yesterday called on the Asian Development Bank (ADB) to provide financial assistance of US$40 million for the construction of the Moc Bai Urban Zone.

The project would cover an area of 7,400ha with a population of 70,000 by 2020.

Infrastructure construction will be a priority to attract investment and create job for about 58,000 labourers.

Initiatives will include the upgrade of the water supply system, to increase capacity from 7,000 cu.m to 30,000 cu.m per day, the waste treatment system and the construction of roads, waste landfills and an inland port system.

Total capital needed to finish the work was estimated at $54 million.

According to the Tay Ninh Economic Zone Management Board, implementation of construction encountered difficulties because of the current lack of infrastructure and human resources.

Moc Bai Urban Zone will be a satellite city of the Southern Key Economic Zone as well as a border-gate economic centre promoting trade between Viet Nam and some of the Greater Mekong sub region countries.

The ADB would review documents, conduct fieldwork and work with local authorities in consideration of funding the project. – VNS

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