President approves disbursement extension for infrastructure project in central provinces

President Vo Van Thuong on February 20 signed a decision approving the extension of the disbursement deadline of a project on basic infrastructure for comprehensive development of four central provinces of Nghe An, Ha Tinh, Quang Binh and Quang Tri, using loans from the Asian Development Bank (ADB).

Wednesday, February 21, 2024 14:53

President approves disbursement extension for infrastructure project in central provinces ảnh 1

Nghe An province's Vinh city (Photo: VNA)

Hanoi (VNA) - President Vo Van Thuong on February 20 signed a decisionapproving the extension of the disbursement deadline of a project on basic infrastructurefor comprehensive development of four central provinces of Nghe An, Ha Tinh,Quang Binh and Quang Tri, using loans from the Asian Development Bank (ADB).

Under the decision, Agreement No.3634-VIE and Agreement No.3635-VIE (COL) related to theproject will be amended on the basis of the Government’s request to extend the implementation time to September 30, 2025.

The ADB had committed to providing loans of52 million USD (Agreement No.3634-VIE) and 97 million USD (Agreement No.3635-VIE(COL) for the project.

The extension of thedisbursement deadline allows management agencies to continue to use the ADB's concessional loans, promoting socio-economicdevelopment in the target localities./.

VNA

#President Vo Van Thuong #disbursement deadline #Nghe An #Ha Tinh #Quang Binh #Quang Tri #ADB #basic infrastructure #Vietnam #Vietnamplus #Vietnam News Agency

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