Business

Japan, US agencies to sponsor major projects

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.
The Japan International Cooperation Agency (JICA) and the US Agency forInternational Development (USAID) have agreed to jointly sponsorinfrastructure development projects in Vietnam and other SoutheastAsian Countries under the public-private partnership (PPP) model.

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

JICAplans to set up a fund worth 400-500 million USD in March 2012 for PPPprojects and contribute to the fund with investments or loans.

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

The projects of the two agencies’ cooperative strategy include powerplants and other energy establishments, information andtelecommunications, roads, traffic and sewerage and water supplysystems./.
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