State Bank of Vietnam Governor Nguyen Van Giau and Asian DevelopmentBank (ADB) President Haruhiko Kuroda signed a 1.38 billion USD financialassistance package in Hanoi on May 5 to enhance Vietnam’s nationwideclean water access, conserve threatened forests, and ease urbangridlock.
The total cost of the three projects is almost 4.5 billion USD.
“ADB’s assistance will help ensure that more people in Vietnam haveaccess to clean water, more livable cities, and biologically diverseforests that will be preserved for future generations,” said PresidentKuroda.
In many of Vietnam’s largest cities, 30 percent to 40percent of treated water is lost before it reaches the end user.Moreover, four in every ten families have no connection to a centralwater supply system.
A 1 billion USD financial supportmechanism from ADB will help improve clean water access for 3 millionfamilies in Vietnam’s cities, including half a million poor householdswho will receive their own piped water connection for the first time.The assistance is part of a 2.8 billion USD investment programme.
A 30 million USD loan from ADB’s concessional Asian Development Fundwill enhance cross-border cooperation in protecting a contiguous stretchof biodiversity-rich forest in Viet Nam’s Central Annamites, whichspans the highlands of Quảng Trị, Thừa Thiên-Huế and Quảng Namprovinces. This is part of a larger programme that is also supportingthe preservation of key forestlands in Cambodia and Laos.
Theassistance package for Vietnam includes approximately 8 million USD toimprove clean water and sanitation services and upgrade market roads inthe 34 largely ethnic minority communes in the project area.
The third component of the assistance is a 350 million USD loan, whichis the first tranche of an overall 636 million USD ADB package. Thispackage is supporting a 1.6 billion USD project to construct a modernexpressway to the south of congested Ho Chi Minh City.
The57-kilometer expressway between Ben Luc and Long Thanh will reducetraffic in the heart of HCM City by allowing vehicles traveling fromeast to west to bypass the city centre. When the full expressway opensin 2017, it is expected to reduce east-west travel time by 80 percentand cut the number of traffic accidents by 10 percent./.
The total cost of the three projects is almost 4.5 billion USD.
“ADB’s assistance will help ensure that more people in Vietnam haveaccess to clean water, more livable cities, and biologically diverseforests that will be preserved for future generations,” said PresidentKuroda.
In many of Vietnam’s largest cities, 30 percent to 40percent of treated water is lost before it reaches the end user.Moreover, four in every ten families have no connection to a centralwater supply system.
A 1 billion USD financial supportmechanism from ADB will help improve clean water access for 3 millionfamilies in Vietnam’s cities, including half a million poor householdswho will receive their own piped water connection for the first time.The assistance is part of a 2.8 billion USD investment programme.
A 30 million USD loan from ADB’s concessional Asian Development Fundwill enhance cross-border cooperation in protecting a contiguous stretchof biodiversity-rich forest in Viet Nam’s Central Annamites, whichspans the highlands of Quảng Trị, Thừa Thiên-Huế and Quảng Namprovinces. This is part of a larger programme that is also supportingthe preservation of key forestlands in Cambodia and Laos.
Theassistance package for Vietnam includes approximately 8 million USD toimprove clean water and sanitation services and upgrade market roads inthe 34 largely ethnic minority communes in the project area.
The third component of the assistance is a 350 million USD loan, whichis the first tranche of an overall 636 million USD ADB package. Thispackage is supporting a 1.6 billion USD project to construct a modernexpressway to the south of congested Ho Chi Minh City.
The57-kilometer expressway between Ben Luc and Long Thanh will reducetraffic in the heart of HCM City by allowing vehicles traveling fromeast to west to bypass the city centre. When the full expressway opensin 2017, it is expected to reduce east-west travel time by 80 percentand cut the number of traffic accidents by 10 percent./.
