Additional 200 million USD poured into rural irrigation and infrastructure

(VOVworld)-The Asian Development Bank (ADB) will grant Vietnam two credit loans worth US$200 million to support the development of rural irrigation systems and infrastructure.  The loan agreements were signed by the State Bank of Vietnam Governor Nguyen Van Binh and ADB Country Director in Vietnam Tomoyuki Kimura in Hanoi on Friday. Accordingly, the ADB will lend Vietnam US$110 million for 32 years to help improve irrigation system in the central province of Thanh Hoa. Another project to develop urban infrastructure and raise urban management capacity in Viet Tri, Hung Yen and Dong Dang cities in the northern region will receive loans worth US$90 million.

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