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Approved loan of 111.2 million USD to implement the Project "Sustainable Infrastructure and Urban Development in Lao Cai Province"

Công LuậnCông Luận15/09/2023


According to the above decision of the Prime Minister, the governing body is Lao Cai Provincial People's Committee, the sponsor is ADB. The general objective of the project is to improve infrastructure and urban connectivity to support sustainable development of Lao Cai province.

Approved loan of 1112 million USD to implement infrastructure development project and urban area of Lao Cai province, image 1

Lao Cai city is changing every day. (Photo: Pham Ngoc Trien).

The project consists of 3 components. Of which, Component 1 - Resilient Infrastructure includes 2 sub-components: Upgrading the Sa Pa - Sau Chua - Hau Thao road, Sa Pa town; upgrading Bac Ha urban infrastructure.

Component 2 - Improving provincial connectivity includes 2 sub-components: Sub-component 1 is Developing the community and residential circuit of Lao Cai city - Sa Pa town - Bat Xat district through upgrading the road from Trinh Tuong to Y Ty, upgrading Provincial Road 155 from Sa Pa to Ban Xeo (Bat Xat), upgrading Provincial Road 152 from Xuan Giao (Bao Thang) to Ban Ho (Sa Pa); Sub-component 2 is Developing the community and residential circuit of Lao Cai city - Bac Ha - Si Ma Cai through upgrading Provincial Road 153 from Bac Ngam (Bao Thang) to Bac Ha.

Component 3 - Technical support and livelihood improvement includes 2 sub-components: Sub-component 1 is Building community cultural houses, technical support, livelihood improvement; Sub-component 2 is Enhancing the economic position of ethnic minority women through promoting sustainable development of organic agricultural value chains associated with community-based tourism.

The project belongs to group A, the implementation period is 6 years from the time the project is allocated capital by the competent authority.

Project implementation locations are in Bat Xat, Bao Thang, Bac Ha districts and Sa Pa town.

The project has a total investment capital of 111.2 million USD, equivalent to 2,669.8 billion VND. Of which, ADB loan capital is 75 million USD, equivalent to 1,800 billion VND; non-refundable aid capital is 3 million USD, equivalent to 72 billion VND; counterpart capital is 33.2 million USD, equivalent to 797.8 billion VND.

According to the Office of the Lao Cai Provincial People's Committee, with the investment items under the Project "Developing infrastructure and sustainable urban areas in Lao Cai province" which has just been approved by the Prime Minister, when completed, it will create momentum for sustainable development of infrastructure in Bac Ha, Sa Pa, Lao Cai city, connecting important tourist areas of Sa Pa, Bac Ha, Y Ty and Lao Cai city, contributing to realizing the socio-economic development goals of the locality.

News and photos: Pham Ngoc Trien



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