Thursday, August 17, 2017 - 2:45:33

Japan, US agencies to sponsor major projects

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The Japan International Cooperation Agency (JICA) and the US Agency for International Development (USAID) have agreed to jointly sponsor infrastructure development projects in Vietnam and other Southeast Asian Countries under the public-private partnership (PPP) model.

JICA and USAID expect to implement their first project in Vietnam and are next year scheduled to propose a plan to the Vietnamese Government, to establish a new investment fund.

JICA plans to set up a fund worth 400-500 million USD in March 2012 for PPP projects and contribute to the fund with investments or loans.

USAID will guarantee half of the value of projects’ loans and seek cooperation from Vietnamese and US financial organisations.

The projects of the two agencies’ cooperative strategy include power plants and other energy establishments, information and telecommunications, roads, traffic and sewerage and water supply systems./.
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