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WB provides finance for Da Nang's infrastructure

Released at: 10:00, 29/05/2017

WB provides finance for Da Nang's infrastructure

Da Nang city. Source: reatimes.vn

$72.52 million in additional financing from the IDA Scale-Up Facility to support investments in the central city's infrastructure.

by Doanh Doanh

The World Bank’s Board of Executive Directors approved $72.52 million in additional financing on May 27 from the IDA Scale-Up Facility to support investments in infrastructure in the central city of Da Nang.

The additional financing will come from the International Development Association (IDA), the World Bank’s financial resource for low-income countries.
“The pace of infrastructure investment in cities, including those for transport and sanitation services, must match the pace of economic growth,” said Mr. Ousmane Dione, WB Country Director for Vietnam. “Strengthening integrated investments in infrastructure in growing metropolitan centers like Da Nang is crucial for sustaining the engine of inclusive growth for Vietnam.”
The fourth largest city in Vietnam, Da Nang is widely viewed as well-planned and well-governed, with a strong commitment to becoming a “green city” by 2025.
The additional financing aims to support the scaling up of the Da Nang Sustainable City Development Project, by helping develop a separate sewer/house connection system - and hence minimize pollution risks - for the coastal tourism area of My An-My Khe.
Transport services are also targeted for improvement, through the establishment of an integrated fare system and intelligent transport system (ITS) for the city’s public transport network, including its Bus Rapid Transit system.
Another component of the additional financing will focus on upgrading the road from Hoa Nhon to the Hoa Son area of Da Nang, so that local traffic will be diverted from the Da Nang - Quang Ngai Expressway and the Da Nang Bypass.

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