WB approves US$72.52 million loan for Da Nang infrastructure
The World Bank (WB) has approved a loan of 72.52 million USD for infrastructure projects in the central city of Da Nang from its International Development Association.
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The fund will also support integrated bus and Bus Rapid Transit network and Intelligent Transport System (ITS) projects and upgrades to the bypass road system of the Da Nang-Quang Ngai Expressway in Hoa Vang district.
The city also asked the WB to increase its funding for wastewater treatment and drainage channel projects.
The city’s efforts to treat wastewater have been lacking, with seven of 15 wastewater gates discharging water into the sea untreated.
Da Nang has met deadlines for development projects funded by the WB over the past many years.
In 2013, the WB agreed to provide US$202 million for a US$272-million sustainable development project to help improve the city’s Bus Rapid Transit network, build new roads, and revamp the existing drainage system.