The World Bank has approved a loan worth US$80 million to improve the quality of key urban infrastructure in Vietnam’s northeastern city of Thai Nguyen.

The funding will help enhance transport connectivity, drainage and sewer systems, public spaces and preschools and provide support for improvements to the city’s urban planning and management, including climate change and disaster risk considerations.
The project will directly benefit more than 81,000 residents of the city through the creation of better roads and environmental sanitation, while also improving the capacity of local authorities by providing technical assistance in urban planning.
The World Bank chief in Vietnam, Ousmane Dione, stated that the project is not just expected to support the city in improving basic infrastructure but will also help the city to develop a comprehensive and integrated urban plan.
Thai Nguyen is a part of Vietnam’s national urban development plan which envisages the development of secondary cities as hubs to drive development within larger urban areas and provinces.
The total project costs an estimated at US$100 million, of which US$80 million is financed by the World Bank and US$20 million is counterpart funding from the provincial government./.

Source: Nhandan.com.vn