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President Vo Van Thuong signed a decision to amend the ADB loan agreements for comprehensive development infrastructure projects.

Việt NamViệt Nam21/02/2024

Accordingly, the President has just signed Decision No. 167/QD-CTN dated February 20, 2024 allowing the amendment of Agreements No. 3634-VIE and 3635-VIE (COL) for the Basic Infrastructure Project for Comprehensive Development of the Provinces: Nghe An, Ha Tinh, Quang Binh , Quang Tri, borrowing capital from the Asian Development Bank (ADB) based on the Government's proposal in Submission No. 53/TTr-CP dated February 2, 2024.

ADB has committed to provide loans of: 52 million USD (Agreement No. 3634-VIE) and 97 million USD (Agreement No. 3635-VIE (COL)) for the Basic Infrastructure Project for Comprehensive Development of the above 4 provinces. The Project has been approved by the competent authorities of Nghe An, Ha Tinh , Quang Binh, and Quang Tri provinces to adjust the Project, in which the Project implementation period is adjusted to September 30, 2025.

The amended Agreements extend the disbursement deadline to September 30, 2025, helping the governing bodies continue to use ADB's concessional loans, promoting economic and social development in localities under the Project.


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