Illustrative image (Source: VNA)
Hanoi (VNA) – The Prime Minister has approved adjustments to an investment project on water supply and urban waste water treatment funded by the World Bank (WB).

The deadline for implementing the project will be extended to December 31.

The Prime Minister asked the State Bank to work with the WB to adjust the agreement on the project in line with law.

The Ministry of Construction and People’s Committees involved in the project were asked to ensure the implementation of the project on schedule.

Deputy Prime Minister Pham Binh Minh also adopted a proposal on projects to connect transport in northern mountainous provinces and upgrade the East-West Corridor in the Greater Mekong Sub-region using loans from the Asian Development Bank (ADB).

He also approved an investment project on technical support to enhance links in the East-West Corridor using non-refundable official development assistance from the ADB.

Financial mechanisms for the projects will be determined based on meetings between the Ministry of Planning and Investment and the Ministry of Transport with the bank.

The Ministry of Finance will coordinate with the Ministry of Transport and agencies and localities to build a finance mechanism.-VNA