State Bank of Viet Nam Governor Le Minh Hung
signed a Loan Agreement and an Aid Agreement with the Asian Development Bank
(ADB) on March 25 for the “Development of Environmental and Urban
Infrastructure to Respond to Climate Change” project in Dong Hoi (central Quang
Binh province) and Hoi An (central Quang Nam province). ADB pledged to sponsor USD104
million for the project, of which USD100 million is ordinary capital resources
(OCR) loans and USD4 million is non-refundable aid. The loan term is 25.5
years, with project implementation from 2017 to 2023. The project aims to build
infrastructure for climate change adaptation and flood avoidance in Dong Hoi
and Hoi An. It will also improve the capacity of agencies managing and
implementing the project, raise public awareness, and strengthen the management
capacity, operations, supervision and maintenance of works of a number of
provincial and municipal agencies in order to ensure the efficient operation of
the project. Localities will receive assistance to reduce environmental
pollution, improve the urban environment, and mitigate the negative impacts of
climate change. The project’s governing agencies are the Provincial People’s
Committees of Quang Binh and Quang Nam. Executing agencies include the Dong Hoi
Environment and Climate Change Project Management Unit and the Chu Lai Open
Economic Zone Authority.
Vietnam
Economic Times – March 3 – http://vneconomictimes.com/article/vietnam-today/sbv-signs-adb-loan-for-central-region-climate-change-projectSBV signs ADB loan for central region climate change project
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