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Vietnam Mekong Development

VIETNAM
Mekong Development
September 13, 2007
Govt to invest $312m to develop transport
Vietnam will invest 312 million U.S. dollars to facilitate transport infrastructure development in southern Mekong Delta provinces, local newspaper Vietnam News reported Thursday.

The project, scheduled to kick off in April next year, aims to improve supply chain efficiency for production, domestic and international trade of the area, and to relieve bottlenecks in the main supply chain and better connect the poor to the supply chain, so as to help support economic development and reduce poverty in the area, the newspaper quoted sources from the country's Ministry of Transport.

Capital for the project will come from World Bank, with loans of 207.6 million dollars, Australian government, with non- refundable aid of 25 million dollars, and 79.4 million dollars from State coffers, said the ministry. Xinhua reports

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