The World Bank on Friday approved more than US$500 million in support for improvements to road and bridge connections as well as flood control and sanitation conditions in Vietnam.
The financing covers two projects: the $385-million results-based Local Bridge Construction and Road Asset Management project and the $150-million Vinh Phuc Flood Risk and Water Management project, the Washington-based development bank said in a statement.
The first project aims to enhance road access and lower road users’ transport costs in participating provinces that include more than 2.5 million people and 800 isolated communities.
It provides $135 million for the rehabilitation of 676 kilometers and maintenance of 48,578 kilometers of local roads in 14 provinces.
It also funds $245.5 million for the reconstruction or construction of 2,174 small bridges to isolated and impoverished communities in 50 provinces across the country.
Meanwhile, the second project will benefit inhabitants in flood-prone areas along the Phan River Basin by strengthening flood risk management capacity and improving wastewater management in the northern province of Vinh Phuc.
It will provide flood control infrastructure, wastewater collection and treatment facilities, and strengthen capacity in the province for flood forecasting and prevention, as well as for better use of water resources.
The project aims to protect more than 255,000 residents and about 5,720 hectares out of 8,390 frequently flooded hectares from the floods of ten year return period.
It will also improve sanitation conditions for about 120,000 residents and support Vinh Phuc with the establishment of a flood early warning and emergency response system and a river basin management mechanism.