Society

Japan funds infrastructure projects in Vietnam

The Japan International Cooperation Agency has agreed to provide Vietnam with loans worth a combined 46.653 billion JPY (447.54 million USD) for infrastructure development.
The Japan International Cooperation Agency has agreed to provideVietnam with loans worth a combined 46.653 billion JPY (447.54 millionUSD) for infrastructure development.

Two agreements to this effect were signed by the agency and the Vietnamese Government in Hanoi on December 24.

The money will be poured into two projects in Hanoi , namely the MaiDich-Nam Thang Long section of Belt Road 3 and Terminal 2 of the NoiBai International Airport .

Belt Road 3,implemented with 20.591 billion JPY (197.5 million USD), is expected toease traffic congestions in Hanoi and facilitate transportationbetween the city and its neigbouring localities of Hai Phong, Hai Duongand Bac Ninh.

Terminal 2 of the Noi BaiInternational Airport with a total investment of 26.062 billion JPY(250 million USD) aims to increase the airport’s capacity. The projectwill be conducted in the public-private partnership model.-VNA
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