Binh Duong needs 300 million USD to upgrade urban infrastructure
The southern province of Binh Duong is implementing a plan to access loans of nearly 317 million USD to upgrade urban infrastructure for residents' better living conditions, according to Vice Chairman of the provincial People’s Committee Mai Hung Dung.
Infrastructure is being completed in Binh Duong New City. (Photo: VNA)
Binh Duong (VNA) – The southern province of Binh Duong is implementing a plan to access loans of nearly 317 million USD to upgrade urban infrastructure for residents' better living conditions, according to Vice Chairman of the provincial People’s Committee Mai Hung Dung.
The urban infrastructure upgrade project, part of the province’s strategy to develop modern and sustainable urban areas, will be implemented from 2024 to 2031 in areas with high population density and rapid urbanisation rate including Thu Dau Mot, Thuan An, and Ben Cat cities, and Phu Giao and Bau Bang districts.
These areas are facing environmental and infrastructure challenges, requiring synchronisation in developing wastewater treatment systems, protecting resources and meeting the needs of urban growth.
The Asian Development Bank (ADB) will provide a loan up to 70.5% of the total investment while Binh Duong province will cover the remaining 29.5%.
Neeta Pokhrel, a representative of ADB, affirmed that the bank fully supports Binh Duong's project in terms of both scale and capital structure.
🌠 ADB is also particularly interested in securing land for wastewater treatment plants. She also emphasised the importance of cooperation with local authorities in approving and implementing the project quickly./.
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