USD72.52 million additional financing to improve Da Nang’s infrastructure
Monday, 29/05/2017 09:14 (GMT+7)
(CPV) - The World Bank has approved USD72.52 million in additional financing from the IDA scale-up facility to support investments in infrastructure in Da Nang, an emerging city in central Vietnam.
Photo for illustration
Da Nang, as the fourth largest city in Vietnam, is widely viewed as well-planned and well-governed, with a strong commitment to becoming a “green city” by 2025.
The finance (from IDA, the World Bank’s financial resources for low income countries), aims to support the scaling up of the Da Nang sustainable city development project, by helping develop a separate sewer/house connection system - and hence minimize pollution risks - for coastal tourism area of My An - My Khe.
Besides, it will focus on upgrading the road from Hoa Nhon to the Hoa Son area of Da Nang city, so that local traffic will be diverted from the Da Nang - Quang Ngai and Da Nang bypass expressways.
“The pace of infrastructure investment in cities - including those for transport and sanitation services - must match the pace of economic growth. Strengthening integrated investments in infrastructure in growing metropolitan centers like Da Nang is crucial in sustaining the engine of inclusive growth for Vietnam”, said Mr Ousmane Dione, the World Bank Country Director for Vietnam.
Transport services are also targeted for improvement, through the establishment of an integrated fare system and intelligent transport system for the city public transport including the Bus Rapid Transit system./.
ATP