WB extends aid to Da Nang's infrastructure project

Hanoi (VNA) - The World Bank (WB) will provide 152 million USD to a 218 million USD project to upgrade urban and environment infrastructure in the central city of Da Nang .

Documents to this effect were signed in Hanoi on August 28 between the WB
and the State Bank of Vietnam .

The 2008-2013 project aims to improve the efficiency, effectiveness and
sustainability of urban services in Da Nang through a package of
priority investments. They include urban area upgrading, environmental
infrastructure improvement and strategic road access construction in
selected areas.

It is also expected to strengthen institutional capacity in investment
planning and in the management of urban services.

The project will help upgrade the low income urban areas, which is
considered the most vulnerable part of the city.

WB Acting Country Director for Vietnam Martin Rama stressed that the project
will help improve even further the quality of life in a city with a very
strong track record in terms of urban development.

WB has nine projects of this kind in Vietnam with a combined capital of
875 million USD, Martin Rama said.-Enditem