The Project has a cost of US$ 59.89 million, to which ADB provides US$ 50.97 million in preferential loan from the Asian Fund for Development (AFD) with maturities of 40 years, including a ten-year grace period. The interest rates are 1% during the grace period, 2% in the next 10 years after that and 4% for the remainder. The borrower’s fund is US$ 8.92 million disbursed from central and local budgets. The project is scheduled to end on September 30, 2009.
By Phương Uyên
(Source: Document 2147/TTg-QHQT)