Saturday, August 19, 2017 - 12:44:46

World Bank supports Da Nang

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The World Bank will continue to support Da Nang and is honoured to partner the central city in the future, said acting country director of the World Bank Keiko Sato at the meeting to complete a report on the city's priority infrastructure project on August 2.

The five-year project, with an investment of 218.4 million USD, 70 percent of which was funded by the World Bank, has enabled the upgrading of urban infrastructure, resettlement areas, the environment, waste water treatment, bridges and roads as well as personnel training and management, between 2008-13.

"We are glad to see the priority infrastructure project completed on time and of good quality. Over 400,000 citizens in the central city will benefit from the five-year project," said Keiko.

She said the World Bank will support the city with its sustainable development project – the first of its kind in Vietnam. "We hope that our experiences with Da Nang city can be rolled out across other provinces in Vietnam ."

The State Bank of Vietnam and the World Bank agreed to undertake a major sustainable development project in the city, with an investment of 272.1 million USD, of which 202.4 million USD being donated by the World Bank and the remaining 69.7 million USD being provided from city funds.

Chairman of the Da Nang People's Committee, Van Huu Chien, said that the World Bank's priority infrastructure project has played a key role in the city's socio-economic development over the past five years.

The improved infrastructure will help attract more investors to the city as it is situated on the coast at the end of East-West Economic Corridor that links Thailand, Myanmar, Laos and Vietnam.

"The project also helps upgrade the urban environment, prevent pollution and manage the treatment of sewage and waste water," Chien said.

The director of the city's transport department, Dang Viet Dung, said that Da Nang has become the first city in Vietnam to have a planned strategy for treating waste water thanks to the World Bank's project.

Da Nang is Vietnam 's fourth largest city and is widely regarded as a being well-planned and well governed, with a higher quality of infrastructure than other cities in the country.

Da Nang plans to turn itself a ‘green' city by 2025.-VNA
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