Saturday, August 19, 2017 - 1:25:16

Localities get loans for socio-economic development

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A signing ceremony for loan contracts between the Ministry of Finance and urban development and investment funds of Da Nang and Can Tho cities took place on Dec. 8 in the southern city of Can Tho.

Under the contracts, the Ministry of Finance will provide each locality with 10 million EUR, sourced from the French Development Agency (AFD) loan.

The funding aims to help the two cities implement socio-economic development goals and cope with challenges arising from urban development as well as carry out measures to fight climate change.

Nguyen Van Hong, Director of the Urban Development and Investment Fund of Can Tho city, said the locality will use the loan to build traffic infrastructure, industrial parks, social houses, education and training establishments and hospitals as well as improve water supply and drainage network and modernise garbage collection and management./.
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