World Bank loan to fund project repairing and managing dams around the country.
The Prime Minister has approved a loan from the World Bank to implement the Dam Rehabilitation and Safety Improvement Project.
The project has total investment of $443 million, of which ODA capital totals $415 million and reciprocal funding is $28 million, with the goal of supporting a program to repair and upgrade dams and strengthen their management and operations to protect people and socioeconomic infrastructure in downstream areas.
It includes three phases. The first phase is dam safety rehabilitation and the repair and upgrade of irrigation dams, the second phase is dam safety management, supervision and operation, and the third phase is supporting the management of the project.
Upon completion it is expected that 450 dams that are at risk will be repaired and upgraded, 718 irrigation reservoirs will open with flood warning systems, and the national database on dam safety management will be improved.
The project will be implemented in 2016-2022 in provinces such as Ha Giang, Yen Bai, Tuyen Quang, Bac Kan, Lao Cai, Thai Nguyen, Lang Son, Son La, Hoa Binh, Vinh Phuc, Phu Tho, Bac Giang, Quang Ninh, Hai Duong, Ninh Binh, Thanh Hoa, Nghe An, Ha Tinh, Quang Binh, Quang Tri, Thua Thien Hue, Quang Nam, Quang Ngai, Binh Dinh, Khanh Hoa, Phu Yen, Kon Tum, Dak Lak, Dak Nong, Lam Dong, Gia Lai, Binh Thuan, Ninh Thuan, and Tay Ninh.
The PM has assigned the Ministry of Agriculture and Rural Development to prepare plans and negotiate with the World Bank over the agreement.