ADB provides $7.9 mln loan for biodiversity conservation in central Vietnam

TN News

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The Asian Development Bank (ADB) has provided a US$7.9 million loan for a biodiversity project in the central province of Thua Thien-Hue, Vietnam News Agency reported.

Total costs are estimated at $8.8 million, of which $487,000 will be sourced from the province's budget and $410,000 will be funded by the project's beneficiaries.

The project will be carried out in 10 communes in the mountainous districts of Nam Dong and A Luoi.

The project is designed to enhance institutional and community capacity in managing the biodiversity corridor; restore the biodiversity corridor, protect the ecosystem and sustainably manage natural resources; and improve the livelihood and infrastructure for local residents.

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