02:48 (GMT +7) - Saturday 29/10/2016

Vietnam Today

WB provides $450 million for HCMC sanitation project

Released at: 12:23, 25/12/2014

WB provides $450 million for HCMC sanitation project

Ho Chi Minh City to access loans and credit from World Bank to improve sanitation services.

by Nguyen Quynh

The World Bank’s Board of Executive Directors today approved $450 million in loans and credit for the Second Ho Chi Minh City Environmental Sanitation Project. The project will improve the environment by treating wastewater, strengthen institutional capacity to manage sanitation and wastewater services, and increase public awareness on the benefits of improved sanitation practices.

Expected to benefit about 1.1 million people in Ho Chi Minh City, the project includes a wastewater treatment plant that will treat wastewater collected in the Nhieu Loc-Thi Nghe basin and from parts of District 2. A sewerage network will be installed in the district, and the project will provide technical assistance to improve sanitation and wastewater management practices in the city.

According to Mr. Sudipto Sarkar, World Bank Lead Specialist, the project promotes better sanitation practices in Ho Chi Minh City and also supports its urban development through improved wastewater management. “Under the project, an Environmental Learning Center will be created to raise awareness of sanitation issues and the environment, which will benefit the people of the Ho Chi Minh City,” he said.

The total project cost is $495 million, of which $250 million will be financed through a loan from the International Bank for Reconstruction and Development (IBRD) and a $200 million credit through the International Development Association (IDA). Ho Chi Minh City will provide $45 million in reciprocal capital.

  • TAGS
  • World Bank
  • IDA

User comment (0)

Send comment