Funding agreement for HCM City’s green transport development signed

17-Jan-2020 Intellasia | VNA | 7:02 AM Print This Post

The Vietnamese finance ministry and the World Bank (WB) on January 15 signed an agreement worth 10.5 million USD in non-refundable aid for a technical support project on HCM City’s green transport development.

The project costs 10.7 million USD, 10.5 million USD of which was from the Swiss State Secretariat for Economic Affairs (SECO) entrusted to the WB; and 202,000 USD from the city’s budget.

Invested by the management board of transport construction works, the project will help improve the quality and efficiency of the public transport system along the priority corridor in the city, as well as enhance the capacity of staff working in transport and urban planning.

Since 2008, the SECO has entrusted the WB with managing over 150 million USD in non-refundable aid for projects in Vietnam in the fields of public finance and sustainable urban management, climate change response and environment protection.


Category: Economy, Vietnam

Print This Post