WB Aids Vietnam to Improve Rural Transportation

The State Bank of Vietnam (SBV) and the World Bank (WB) have signed the Additional Financing for the Third Rural Transport Project, aiming to increase the number of communities connected to new and improved road access, as well as improve the rural road conditions through better management and maintenance of the network, and enhance the institutional effectiveness to plan, implement and maintain improvements in the rural transport.

 

To date, the Third Rural Transport Project has rehabilitated some 2,100 km of roads, and completed the maintenance of approximately 13,000 km of district roads and bridges. The improved transport system is expected to benefit up to 5 million people in 32 participating provinces in central and northern Vietnam, including 14 provinces in the mountainous areas.

 

The additional finance valued at US$97 million comes from the International Development Association, the World Bank’s financing window for low income countries.