WB offers more loans to the city
According to a spokesperson for the World Bank (WB), an additional credit of 72.52 million USD from the WB’s International Development Association (IDA) will be given to Da Nang to develop its infrastructure.
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The focus will be on building separate drainage systems to reduce environmental pollution at the My An-My Khe beach tourism area, as well as installing integrated ticketing and intelligent transportation systems for the city’s public transport services, including a Bus Rapid Transit (BRT) system.
A part of WB’s loans will be used to upgrade a road route linking Hoa Nhon with Hoa Son communes in Hoa Vang District in order to facilitate smooth movement on the Da Nang-Quang Ngai Expressway and a highway bypass on the city’s ring road.
Mr Ousmane Dione, Country Director of WB in Viet Nam, said that the growth of infrastructure in a locality, including transport and environmental sanitation services, is required to match the growth of a local economy. He, therefore, highlighted the importance of investing in infrastructure systems when developing urban centres like Da Nang, and to maintain the growth momentum of Viet Nam as a whole.