The project will help reduce flood risks, improve sanitation, reduce travel times on new and improved roads, and develop high-quality public spaces.
The World Bank (WB)’s Board of Executive Directors on June 11 approved a US$194.36 million credit to help four secondary cities in Vietnam build critically-needed municipal infrastructure and strengthen urban planning.
The Dynamic Cities Integrated Development Project aims to increase access to improved urban services in four urban centers of Ky Anh (Ha Tinh province), Tinh Gia (Thanh Hoa province), Hai Duong (Hai Duong province), and Yen Bai (Yen Bai province).
Approximately 200,000 residents are expected to benefit directly from project activities, of whom more than half are women. In Vietnam, secondary cities are broadly defined as cities with populations ranging from 100,000 to 500,000.
The project will help reduce flood risks, improve sanitation, reduce travel times on new and improved roads, and develop high-quality public spaces.
The project will also improve connectivity to industrial parks, export processing zones, commercial establishments, and tourist attractions, benefiting workers and merchants as well as visitors.
These improvements in turn are expected to help boost productivity, enable exports, create more jobs, and help generate sustained economic growth.
“Secondary cities are set to play an increasingly important role in Vietnam’s growth poles through efficient movement of goods, people, services, and information.” said Ousmane Dione, WB country director for Vietnam.
“These four selected cities have demonstrated significant potential to become dynamic economic hubs at the provincial and regional levels. This operation would help to fill the infrastructure gap by providing much-needed financing to deliver quality services with lessons and best practices gained from World Bank engagements in other cities around the world,” Ousmane Dione added.
The total cost of the project is US$276.17 million, of which US$194.36 million comes from International Development Association (IDA).
The Dynamic Cities Integrated Development Project aims to increase access to improved urban services in four urban centers of Ky Anh (Ha Tinh province), Tinh Gia (Thanh Hoa province), Hai Duong (Hai Duong province), and Yen Bai (Yen Bai province).
Illustrative photo
|
The project will help reduce flood risks, improve sanitation, reduce travel times on new and improved roads, and develop high-quality public spaces.
The project will also improve connectivity to industrial parks, export processing zones, commercial establishments, and tourist attractions, benefiting workers and merchants as well as visitors.
These improvements in turn are expected to help boost productivity, enable exports, create more jobs, and help generate sustained economic growth.
“Secondary cities are set to play an increasingly important role in Vietnam’s growth poles through efficient movement of goods, people, services, and information.” said Ousmane Dione, WB country director for Vietnam.
“These four selected cities have demonstrated significant potential to become dynamic economic hubs at the provincial and regional levels. This operation would help to fill the infrastructure gap by providing much-needed financing to deliver quality services with lessons and best practices gained from World Bank engagements in other cities around the world,” Ousmane Dione added.
The total cost of the project is US$276.17 million, of which US$194.36 million comes from International Development Association (IDA).
Other News
- Hanoi launches occupational safety action month
- Hanoi digitizes public transport ticketing
- A new lease on life for Hanoi's community library system
- Gen-Z workers driven by career advancement and work environment
- Wide range of World Water Day 2024 activities in Vietnam
- Hanoi police fine street vendors for overcharging foreign tourists
- USAID launches US$3 million project to protect Vietnam's natural habitat
- Hanoi to improve children's legal knowledge
- Hanoi celebrates Vietnam Book and Reading Culture Day 2024
- Hanoi's gift and flower market gets a boost on International Women's Day
Trending
-
Culture is national asset: Vietnam PM
-
Vietnam news in brief- April 19
-
Cultural similarities provide basis for Vietnam-Italy cooperation in various fields
-
[Video]Hanoi beauty spots featured in saxophone legend Kenny G's music video
-
Colorful stage shows in Hoan Kiem Lake pedestrian area
-
It happened as it had to happen
-
Hanoi street where dead appliances come back to life
-
Vietnam’s economy urged to rely on internal strengths to weather global uncertainties: ADB
-
Vietnam, Thailand advance realization of “Three Connections” strategy