ADB agrees on loans for important projects in Can Tho

The Asian Development Bank (ADB) has agreed on loans for important projects in the Mekong Delta city of Can Tho.
ADB agrees on loans for important projects in Can Tho
At the working session (Photo: VNA)

On March 29, during a working session with the municipal authorities, ADB committed to loans for a 2023-2030 project on transport infrastructure in adaptation with climate change, including overpasses at five major intersections and others.

Its total cost is estimated at about 4.9 trillion VND (199.6 million USD), of which 130.3 million USD was from ADB’s loans and the remainder from local budget.

Nguyen Van Hong, Vice Chairman of the municipal People's Committee, suggested ADB prioritise the launch of a technical assistance package worth USD 200,000 for the green growth and climate change adaptation plan. The next priority should be given to transport projects.

About a project on the upgrade of wastewater treatment plant, he proposed ADB continue sharing its experience with the city.

Keiju Mitsuhashi, ADB Country Director and Head of the working delegation, said ADB will soon draft a document agreeing on the lists, budgets, lending mechanisms and related issues for the city.

The delegation also discussed with local authorities about the best solutions to financial resources to embark on Cai Sau 1 wastewater treatment plant upgrade project in the near future.

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(Source: VNA)