ADB helps improve infrastructure in north central coastal region

VGP – The Asian Development Bank’s (ADB) Board of Directors has approved loans totaling US$149 million to help improve basic infrastructure services and promote inclusive and sustainable economic growth that will benefit over 1 million people in four provinces in the north central coastal region of Viet Nam.

December 19, 2017 2:27 PM GMT+7

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ADB’s assistance for the Basic Infrastructure for Inclusive Growth in the North Central Provinces Sector Project includes a regular loan of US$52 million and a concessional loan worth US$97 million.

ADB’s assistance will help promote inclusive growth and bridge the development gap by integrating cities and the rural areas in the region, said ADB’s Country Director for Viet Nam Eric Sidgwick.

Economic development in the project provinces including Ha Tinh, Nghe An, Quang Binh, and Quang Tri, has been constrained by the fragmented coverage of basic infrastructure.

To address these issues, the project will improve connectivity among the provinces by upgrading and constructing about 214 kilometers of climate-resilient provincial and district roads, which will benefit more than 900,000 beneficiaries.

It will boost business development through the construction and upgrading of rural water supply, flood protection, irrigation, and port services. It will also improve the capacity of the provincial governments, particularly in public asset management. The project is expected to be completed by the first quarter of 2023.

By Thuy Dung