Proposal to adjust the implementation time of the Quang Nam Province Adaptive Integrated Development project

Truong Giang River through Tam Ky City. Photo: QT

Accordingly, the People's Committee of Quang Nam province proposed to adjust the project implementation period from 2022 - 2027 according to Decision 396 of the Prime Minister to 2022 - 2030.

The reason for the adjustment according to the Provincial People's Committee is because up to now the project has not signed an Agreement with the sponsor, the World Bank (WB), and the Ministry of Finance is carrying out procedures with the World Bank to propose negotiating the Project Agreement.

The Quang Nam Province Integrated Adaptive Development Project is a Group A project with a total implementation capital of 118.7 million USD, equivalent to 2,748.61 billion VND. Of which, WB loan capital is 79.12 million USD (equivalent to 1,832.1 billion VND); counterpart capital is 39.58 million USD (equivalent to 916.51 billion VND).

The project will dredge the Truong Giang River and build 6 new bridges across the Truong Giang River. The project will be implemented in Duy Xuyen, Thang Binh, Nui Thanh districts and Tam Ky city with a total length of about 60km.

Source: https://baoquangnam.vn/de-xuat-dieu-chinh-thoi-gian-thuc-hien-du-an-phat-trien-tich-hop-thich-ung-tinh-quang-nam-3143070.html