Can Tho urged to accelerate disbursement for WB-funded project
Can Tho city must pay more attention to disbursement for the World Bank-funded Mekong Delta Region Urban Upgrading Project, which is scheduled to finish in 2017.
Can Tho (VNA) – Can Tho ☂city must pay more attention to disbursement for the World Bank-funded Mekong Delta Region U⭕rban Upgrading Project, which is scheduled to finish in 2017, Hoang Thi Hoa, an expert from the bank, said on January 6.
Pressure is arising as the project almost comes to an end, she stated at a project mid-term review session in the city, adding that Can Tho should not only assign more staff for the project but also provide them with further training at home or even abroad.
The sub-project in Can Tho city, started in 2012, aims to upgrade technical and social infrastructure in low-income Ninh Kieu, Cai Rang, O Mon and Binh Thuy districts.
It has a total investment of 1.8 trillion VND (80.1 million USD), including 1.4 trillion VND from official development assistance (ODA) and 400 billion VND from local responding funds.
Its 62 components focus on improving local residents’ living conditions; upgrading valleys, drainage system, roads and canals; and preventing floods.
So far, the city has disbursed only 34 percent of ODA capital (24 million USD out of 70 million USD) and 75 percent of the local responding funds.
The 400-million-USD Mekong Delta Region Urban Upgrading Project has been implemented in Can Tho, Ca Mau, Cao Lanh, Rach Gia, My Tho and Tra Vinh cities to improve the living conditions of the urban poor.
It expects to benefit about 2 million people, both directly and indirectly.-VNA
As many as 1,600 housing units were built for resettlement, along with 35 low-income residential areas, and 15 schools and clinics were upgraded as a result of the Urban Upgrading Project for the southern city of Can Tho, supported by the World Bank (WB).
The 90.4 million USD project to improve urban infrastructure in the Mekong delta city of Can Tho was launched in the city’s Binh Thuy district on June 17.
Authorities of the Mekong Delta city of Can Tho have proposed the World Bank provide more credit loans for the locality to implement an ongoing project on upgrading urban infrastructure to adapt to climate change.
More than 7.5 million people in four cities, Nam Dinh, Hai Phong, Can Tho and Ho Chi Minh City, have been the direct and indirect beneficiaries of the Vietnam Urban Upgrading Project, which was carried out over the past 10 years.
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This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
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The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
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Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
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Part of Can Tho city. (Photo: VNA)
