WB Funds Urban Improvement, Emergency Natural Disaster Reconstruction Projects in Vietnam

9:40:41 AM | 6/5/2017

The World Bank Board of Directors recently approved financing for two projects totalling US$358 million for Vietnam to carry out two new projects.
 
A US$240 million Scaling Up Urban Upgrading Project (SUUP) lent by IDA will improve infrastructure and urban planning in the cities of Bac Lieu, Ben Tre, Long Xuyen, Soc Trang, Tan An, Vi Thanh and Vinh Long. About 500,000 urban dwellers will directly benefit from the investment, and a further one million people are estimated to indirectly benefit from investments under the project through extended infrastructure networks and environmental improvements.
 
A US$118 million Vietnam Emergency Natural Disaster Reconstruction Project (VENDRP),also funded by IDA, will reconstruct and rehabilitate infrastructure assets in the provinces of Binh Dinh, Phu Yen, Quang Ngai, Ninh Thuan and Ha Tinh, which were severely affected by prolonged flooding in 2016. The project will help with the restoration and improvement of damaged roads, bridges, irrigation systems, rural water supply systems and natural disaster prevention/control structures. The project will also provide capacity building for officials working on disaster management. The project will directly benefit over 1.2 million inhabitants and, indirectly, around 5.1 million people in the five affected provinces.

Quynh Anh