WB adds 156 mln USD to Mekong Delta transport project
WB adds 156 mln USD to Mekong Delta transport
The World Bank (WB) on January 30 approved an additional credit of 156 million USD for an underway project to develop transport infrastructure in the Mekong Delta.
The World Bank (WB) on January 30 approved an additional credit of 156million USD for an underway project to develop transport infrastructurein the Mekong Delta.
The additional credit will beused to improve waterway corridors and national roads that connect tothe region’s economic hub - Ho Chi Minh City.
The Mekong Delta Transport Infrastructure Development Project, approvedin May 2007 with the total investment of 306.7 million USD, aims toreduce congestions at major traffic corridors in the region and improvepoor people’s access to these roads.
Once theproject is completed in 2015, it will reduce the time of transportingrice by barge from Rach Gia to Ho Chi Minh City to five hours andlorry travel time on National Road No. 91 by 10 percent.
As a result, fatalities caused by traffic accidents on National RoadNo. 91 are expected to drop by 15 percent while the number of accidentson local waterways will decrease by 5 percent./.
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