Ms. Victoria Kwakwa – Country Director, World Bank to Hanoi, underwriting and transport specialists also join the MiGA delegation. For VDB, the meeting is attended by Deputy General Director Dao Dung Anh, Deputy General Director cum Chairman of VIDIFI Dao Van Chien and Directors of relevant departments in VDB.
The meeting purpose is to promote the approval of MIGA guarantee for packages no. 1, 4 and 6 of Hanoi – Haiphong Expressway Project which is under negotiation for financing package of above 500 million USD from Credit Agricole and Standard Charter Bank.
At the meeting, Mr. Michel Wormser introduces the role of MIGA in detailed, especially to infrastructure development projects in developing countries. MIGA is a multilateral agency under World Bank to trigger the FDI flow into developing countries assisiting for economic growth, poverty reduction and living standard uplifting. MIGA Vice Chairman expresses deep interest into Hanoi – Haiphong Expressway Project of which specially includes resettlement, enviroment side, role of consulting and supervising agency; and operation capacity.
For VDB and VIDIFI’s thorough and helpful answers, Mr. Michel Wormser satisfactorily commits to the quick progress of appraisal and approval of the guarantee by June 2013.
General Director Nguyen Quang Dung appreciates the efforts to accelerate appraisal progress for the Project and looks forward to association opportunities with MIGA and WB in the future./.
Source: VDB