The World Bank has approved a US$202.5 million loan to the central Vietnamese city of Da Nang for infrastructure works, the bank said in a press release Friday.
The money will be used to improve the drainage and wastewater systems, strategic urban roads, and local authorities' capacity to manage urban infrastructure.
It will also be used to fund a bus rapid transit system and completing some other major infrastructure projects in the city.
"We hope this project will help create a model green city for sustainable urban development, which will inspire the development of other cities," Victoria Kwakwa, the World Bank's country director for Vietnam, was quoted as saying.
Da Nang, Vietnam's fourth largest city, is widely regarded as a well planned and governed city with a generally higher quality of infrastructure compared to other cities, according to the World Bank.
City leaders are committed to developing it into a "green" city by 2025, with an emphasis on high technology and tourism development, it said.
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