The World Bank (WB) will provide US $710 million for Vietnam to implement three projects on public investment reform, irrigation and urban water supply.
The State Bank of Vietnam and the World Bank (WB) on July 13 in Hanoi sealed loan agreements and related legal documents on the second Public Investment Reform Program (PIR2) Development Policy, the water resource management project for the development of the Mekong Delta and the urban water supply and sewage project.
The funding for the three projects aims to strengthen the efficiency of public investment by improving the quality of project preparation, assessment, bidding, and public financial management; and provide clean water and assistance to climate change adaptability for residents in the project areas, said WB Country Director for Vietnam Victoria Kwakwa.
The US $350 million PIR2 will help to check the environment for infrastructure investment projects which spend public capital sources, prepare and review public investment projects, manage public finance, supervise and assess the projects.
The $160 million loan will be given to the water resource management project for rural development in the Mekong Delta. Specifically, project targets to raise the efficiency of using water resources in the region, increase agricultural productivity, and improve clean water supply for rural households in six provinces namely An Giang, Hau Giang, Kien Giang, Ca Mau, Bac Lieu, Soc Trang and Can Tho City.
The Urban Water Supply and Sewage Project – Phase 1 will receive US $200 million in loan to improve water supply systems in seven provinces including Quang Ninh, Ninh Binh, Quang Nam, Kien Giang, Lam Đong, Binh Duong, and Binh Phuoc and treat sewage in seven provinces namely Ninh Binh; Nghe An, Thanh Hoa, Quang Tri, Quang Nam, Lam Đong, and Binh Phuoc./.