The Asian Development Bank (ADB) and the Government of Vietnam today (February 2) signed a loan agreement of 45 million USD for the Central Region Rural Water Supply and Sanitation Sector Project. The project will support the country's efforts to achieve the national development targets and Millennium/Vietnam Development Goals relating to peoples’ access to clean water supply and sanitation.
The Asian Development Bank (ADB) and the Government of Vietnam today (February 2) signed a loan agreement of 45 million USD for the Central Region Rural Water Supply and Sanitation Sector Project. The project will support the country's efforts to achieve the national development targets and Millennium/Vietnam Development Goals relating to peoples’ access to clean water supply and sanitation.
The project will provide clean water and hygiene sanitation facilities to some 350,000 people in the six central coast provinces of Thanh Hoa, Nghe An, Ha Tinh, Quang Binh, Quang Nam and Binh Dinh where the poverty levels are higher than the national average.
"Access to clean water and hygienic sanitation is critical for improvement of health and living conditions of people who are living in rural areas," said Mr. Konishi, ADB Country Director for
Communities in the project provinces will be fully involved in the implementation of the project with grants and credit being provided directly to households to build latrines. Poor households will be supported with grants while credit will go to households not designated as poor through a revolving fund managed by the Vietnam Women’s
ADB’s loan, from its concessional Asian Development Fund, covers 90% of the project cost of 50 million USD. It has a 32-year term, including a grace period of 8 years.
Source: CPV news