ODA technical support for construction sector totals 45.6m USD
The Ministry of Construction (MoC) is managing 19 technical support projects this year with total committed ODA capital of more than 45.6 million USD.
The section through Tan An city, Long An province, of Ho Chi Minh City-Trung Luong expressway (Photo: VNA) Hanoi (VNA) – The Ministry of Construction (MoC) is managing 19 technical support projects this year with total committed ODA capital of more than 45.6 million USD.
Most of the sum funds capacity and institution improvement efforts.
The ministry said it had completed the capital use and allocation planning for ODA-funded projects.
Recently, the ministry successfully attracted about 24.58 million USD in ODA from Japan, the Republic of Korea, and Germany, among others, for eight projects.
The MoC is also coordinating the implementation of three projects on urban facility upgradation, water supply and wastewater treatment. They are funded by loans worth a total over 937 million USD from the World Bank.
The World Bank has also agreed to provide an additional 7 million USD for a project on water supply and urban wastewater treatment in the Mekong Delta, the MoC added.
ODA capital has proved to be a considerable contributor to Vietnam’s socio-economic development.
The national committee for ODA and preferential loans requested ministries to promote the effectiveness of ODA and concessional loan use, especially the loan disbursement progress.
In the first half of 2016, over 2.56 billion USD of ODA and concessional loans was committed for Vietnam, surging by 61 percent year on year.
The disbursement of ODA capital and concessional loans during the reviewed period declined by 4 percent from a year earlier to about 1.85 billion USD, including 1.75 billion USD of ODA loans and 100 million USD of non-refundable ODA, according to the Ministry of Planning and Investment.-VNA
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