ADB Approves $80M Loan to Improve Roads in Vietnam

The Asian Development Bank (ADB) has approved a loan of $80 million for Vietnam to upgrade roads in remote northern provinces, home to various ethnic minority communities. The bank said the road rehabilitation project would improve about 300 kilometers of unpaved and frequently impassable roads in the six northern mountainous provinces of Bac Kan, Cao Bang, Ha Giang, Tuyen Quang, Yen Bai and Lao Cai. “Better road links to these remote communities will reduce the time and cost of travel, increase access to markets and social services, and help stimulate economic opportunities and investment,” Masahiro Nishimura from ADB said.  The Philippines-based lender added the project would improve the connection between rural communities and national transport corridors, opening up new opportunities for trade and investment. The project will be implemented by provincial people’s committees in the six provinces, marking a shift from the past when the Ministry of Transport was the executing agency, he added. The Nordic Development Fund is providing a grant of $2.7 million equivalent to develop climate proofing measures in the design of road rehabilitation works, the bank added. ADB’s loan comes from its concessional Asian Development Fund, and the project is scheduled for completion in December 2016. (Saigon Giai phong – Saigon Liberation, www2.dtinews.vn Oct 3)