ADB to financially help develop VN’s road transport
VGP – A non-refundable technical assistance of US $1 million from the Asian Development Bank (ADB) will help to improve the management and attract investment in Việt Nam's road transport network.
The grant will help the Ministry of
Transport and competent agencies strengthen institutional and financial
arrangements, operation and maintenance activities, and project management.
Illustration
photo
A plan for the long- and medium-term
institutional enhancement of the Việt Nam Expressway Management Administration
will be developed, and real-time advisory support to Ministry of Transport
officials will be provided.
The fund will be also used in a research on
how to mobilize capital for Việt
The Vietnamese Government will contribute
US $150,000 as counterpart funding. The Ministry of Transport is appointed as the
main implementer of the project which is due for completion around August 2011.
