ADB funds water project in HCMC
VGP - The Asian Developmenment Bank (ADB) will provide US $198 million for strengthening water supply network and institutional expansion for Sài Gòn Water Corporation.
May 27, 2011 6:39 PM GMT+7
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The signing ceremony – Photo: VGP |
The loan is part of the US $2.8 billion investment program involving ADB, Vietnamese Government, development partners, and water company financiers, including concerned provinces and cities and the private sector.
The project will benefit over half a million residents of the city, and connect almost 20,000 families for the first time to piped water, contributing to the goal of increasing the HCMC’s piped water coverage to 95% from 83% by 2025.
At the same time, it will also help reduce water loss from 40% to 25% by 2025, resulting in an increase of water availability by over 64 million cubic meters per annum over the next decade.
By Hải Minh
