WB funds Mekong Delta transport infrastructure

As authorized by the Prime Minister on March 8, the Governor of the State Bank of Viet Nam and a WB representative signed the Agreement on additional financing and related legal documents for “Mekong Delta Transport Infrastructure Development Project” financed by WB.

Accordingly, WB committed to providing Viet Nam a preferential credit amount valued at $156.91 million with the term of 25 years, including 5 grace years, an interest rate of 1.25%/year and a service fee of 0.75%/year.

The implementation of provisions in the Agreement shall support Viet Nam in relieving key bottlenecks in the main transport corridors in the Mekong Delta region and improving the poor’ s access to those corridors; and contribute to the socio-economic development and poverty reduction in the area.

By Ngoc Van