President Vo Van Thuong approves disbursement extension for infrastructure project in 4 provinces
On February 20, President Vo Van Thuong signed a decision approving the extension of the disbursement deadline of a project on basic infrastructure for comprehensive development of four central provinces of Nghe An, Ha Tinh, Quang Binh and Quang Tri, using loans from the Asian Development Bank (ADB).
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| President Vo Van Thuong approves disbursement extension for infrastructure project in 4 provinces: Nghe An province's Vinh city. (Photo: VNA) |
Under the decision, Agreement No.3634-VIE and Agreement No.3635-VIE (COL) related to the project will be amended on the basis of the Government’s request to extend the implementation time to September 30, 2025.
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| President Vo Van Thuong approves disbursement extension for infrastructure project in 4 provinces: President Vo Van Thuong. (Photo: Nhandan.vn) |
The ADB had committed to providing loans of 52 million USD (Agreement No.3634-VIE) and 97 million USD (Agreement No.3635-VIE (COL) for the project.
The extension of the disbursement deadline allows management agencies to continue to use the ADB's concessional loans, promoting socio-economic development in the target localities.
(Source: VNA)
