WB-funded water supply project added 20 mln USD loan

Deputy PM Hoang Trung Hai has allowed the first phase of the “Urban Water Supply and Wastewater” project to receive an additional 20 million USD loan from the World Bank's IDA.

Thursday, July 30, 2015 16:33

WB-funded water supply project added 20 mln USD loan ảnh 1

A wastewater treatment project in southern Soc Trang city. (Photo: VNA)

Deputy Prime Minister Hoang Trung Hai has given the nod for the first phase of the “Urban Water Supply and Wastewater” project to receive an additional 20 million USD loan from the International Development Association (IDA) of the World Bank (WB).

The deputy prime minister requested the Ministry of Investment and Planning in coordination with the Ministry of Construction to work with the WB to allocate the additional loan to project components while the State Bank of Vietnam was appointed to work out the loan transfer method.

The “Urban Water Supply and Wastewater” project includes two components. Its first component, including 14 sub-projects, aims to upgrade water supply and wastewater drainage systems in 10 provinces nationwide, such as Quang Ninh, Ninh Binh, Nghe An, Quang Tri, Quang Nam, Kien Giang, Lam Dong, Binh Duong, Binh Phuoc and Kien Giang and the second one involves technical support from the Ministry of Investment and Planning and the Ministry of Construction.

The WB-funded project has a total investment of 236.2 million USD, including 200 million USD sourced from the IDA.

Carried out from 2011-2016, the project has completed about 57.4 percent of its works and disbursed 45 percent of its budget.-VNA

#world bank #international development association #wb #ida #urban water supply #wastewater #additional loan

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