On occasion of the 38th anniversary of South Vietnam Liberation and National Reunification Day, on April 30, the People’s Committee in the central city of Da Nang inaugurated three key traffic projects.
The Nguyen Tri Phuong Bridge, the Khue Dong Bridge and Vo Chi Cong Road were inaugurated on the auspices of Vietnam Reunification Day.
The World Bank has invested VND1.22 trillion (US$58.62 million) in the three projects, of which, the 802m Nguyen Tri Phuong Bridge cost VND540 billion, 417m Khue Dong Bridge cost VND370 billion and 5.2km Vo Chi Cong Road cost VND310 billion.
On the same day, Nguyen Van Binh, Governor of State Bank of Vietnam, and Victoria Kwakwa, director of WB in Vietnam, signed an agreement to finance some major sustainable development projects in Da Nang City.
The projects will use up $270 million, of which the WB will provide $200 million, whereas the remaining fund will come from the City budget.
Investor of the projects, namely, the Da Nang City Department of Transport, will be responsible for upgrading the drainage and sluice system in the City, develop a bus rapid transit service and some urban road projects--among few others.
