Ho Chi Minh City has disbursed more than 3 billion JPY (29.6 million USD) of Japan’s official development assistance (ODA) for local traffic and environmental projects, according to the municipal People’s Committee.
The city’s People’s Committee reported to Deputy Prime Minister Hoang Trung Hai that of that sum, about 1.56 billion JPY (15.4 million USD) has been disbursed for the East West Highway , while the rest went to the first phase of a water environment improvement project.
Municipal authorities have ordered the Urban – Civil Works Construction Investment Management Authority to take drastic measures to accelerate the disbursement progress before August 31, the expiry of loan agreements’ disbursement.
HCM City asked the Deputy PM to instruct authorised ministries to help speed up the disbursement.
The 21.89km East West highway traverses eight districts and includes 11 bridges and 8 overpasses. About 65 percent of its 16 trillion VND (760 million USD) investment was financed by Japan’s ODA.-VNA
The city’s People’s Committee reported to Deputy Prime Minister Hoang Trung Hai that of that sum, about 1.56 billion JPY (15.4 million USD) has been disbursed for the East West Highway , while the rest went to the first phase of a water environment improvement project.
Municipal authorities have ordered the Urban – Civil Works Construction Investment Management Authority to take drastic measures to accelerate the disbursement progress before August 31, the expiry of loan agreements’ disbursement.
HCM City asked the Deputy PM to instruct authorised ministries to help speed up the disbursement.
The 21.89km East West highway traverses eight districts and includes 11 bridges and 8 overpasses. About 65 percent of its 16 trillion VND (760 million USD) investment was financed by Japan’s ODA.-VNA
