The Japan Bank for International Co-operation signed a 94.3 billion yen (US$921 million) agreement in ODA loans for six projects in Viet Nam.
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A power plant in Ba Ria-Vung Tau Province’s Phu My Industrial Park that has received ODA investment from the Japanese Government. |
The Japan Bank for International Co-operation signed a 94.3 billion yen (US$921 million) agreement in ODA loans for six projects in
The projects aim to improve the nation’s investment climate and living environment. ODA will go to the Ha Noi Urban Railway Construction project, Ring Road No 3 in the capital city, the North-South expressway construction project between
The Japan Bank for International Co-operation (JBIC) governor Koji Tanami expressed his appreciation of the country’s development speed and achievements in poverty reduction in recent years. JBIC said
The governor also said
Since 1993, the Japanese Government has provided the country with preferential credits in key infrastructure projects, especially in the fields of energy, transport,postal systems, telematics and the environment.
Projects include Pha Lai and Phu My Thermo-electricity plants, national highways 5 and 10, Tan Son Nhat Station, Hai Van Tunnel and
One of the six new ODA projects, Giap Bat-Gia Lam railway route in the capital city would begin today, said the Viet Nam Railway Corporation.
JBIC gave a 4.68 billion yen ($47 million) loan to the Vietnamese for technical issues and design for the project.
The $1.2 billion largely elevated railway will span 15km with 10.57km elevated.
The project will also include the construction of four new national railway stations in Ngoc Hoi, Giap Bat, Gia Lam and Ha Noi as well as six more elevated stations in the city to meet the demand of both national and city trains.
The project is one part of the Yen Vien-Ngoc Hoi elevated railway system with a total capital of $1.7 billion, which aims to develop urban transport in the capital city.
(Source: VNS)
