Vinaconex has secured a loan from a commercial bank to fund the construction of a new water pipeline bringing water from Da River to supply to Hanoi residents.

The 18-year loan will provide 85 percent of the project’s total investment of 1.2 trillion VND (55.8 million USD), according to the company.

This will be the second Da River water pipeline, which is slated to supply around 40,000 cu.m of water to the city.

Construction of the pipeline will start before the Lunar New Year holiday.

The first Da River water pipeline was put into use in 1997 and had been broken on six separate occasions. Tens of thousands of households suffered water shortages for days on each occasion.

Currently, there are 18 water plants in Hanoi. Vinaconex Clean Water JSC supplies 30 percent of the city's total water demand.-VNA