ADB Okays $117-Million Loan for Vietnam’s Green, Resilient Urban Infrastructure

Minh Anh

11:46 02/11/2017

BizLIVE - The loan will help the Vietnamese government upgrade urban infrastructure and address climate change, benefiting about 116,000 households in three secondary cities.

ADB Okays $117-Million Loan for Vietnam’s Green, Resilient Urban Infrastructure

A view of a street in Hue city, Thua Thien-Hue province.Photo: baothuathienhue.vn

The Asian Development Bank’s (ADB) has approved $170 million in loans to help the Vietnamese government upgrade urban infrastructure and address climate change, benefiting about 116,000 households in Hue, Vinh Yen, and Ha Giang.
“Urbanization has had a positive impact on Vietnam’s growth. But many cities, even as they continue to be the center of economic activities, lack key urban infrastructure services and remain vulnerable to climate change, particularly flooding,” said Satoshi Ishii, a principal urban development specialist at ADB.
According to ADB, more than 30 million people live in urban centers in Viet Nam, but the impact of urbanization is uneven across the country.
Unlike the capital city of Hanoi and other highly developed urban centers, secondary cities—with populations between 50,000 to 300,000 such as Hue in central Vietnam and Vinh Yen and Ha Giang in the northern part of the country which are lagging behind. For instance, less than 60% of households in secondary cities have access to clean water and only 10% of wastewater is treated properly.
The Secondary Green Cities Development Project will help make these urban centers become more livable, environmentally friendly, and climate-resilient, the bank said in a statement.  
In these secondary cities, the project will help construct new wastewater treatment systems, upgrade drainage facilities and roads, and develop of green spaces, among others.
Apart from the loans, ADB will also administer a total of $14.1 million in technical assistance with the Ministry of Natural Resources and Environment, and $6 million in grant investment from the Global Environment Facility and the Urban Climate Change Resilience Trust Fund.
The technical assistance will mainstream a green and resilient city development approach across government agencies through policy advice and capacity building, and replicate the approach in other cities in Vietnam.

MINH ANH

Từ khóa: ADB, Vietnam

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