Phu Yen calls for WB’s support in infrastructure, economic development
Phu Yen calls for WB’s support in infrastructure, economic development
The central province of Phu Yen has called for the World Bank’s provision of official development assistance (ODA) to support the implementation of four projects with a total investment of about US$70 million.They are the construction of a railway flyover and Nguyen Tat Thanh road connecting Nguyen Huu Tho Street in Tuy Hoa City, the sewage treatment plant and septic tank of Tuy Hoa City, Xuan Lam water reservoir in Song Cau Commune, waste treatment plant and garbage dump in Hoa Xuan Dong Commune in Dong Hoa District.
Phu Yen also called for World Bank’s soft loans for investment in two other projects with a total capital of over VND1 trillion ($43 million), including the embankment from An Chan Commune in Tuy An District to An Phu Commune in Tuy Hoa City and coastal tourism road from Phu Hoi Village in Tuy An District to the National Highway 1.
At the Phu Yen Development Co-operation Conference held in Tuy Hoa City late last week, Chairman of Phu Yen People's Committee Pham Dai Duong said Phu Yen was in need of the World Bank’s credit assistance to build transport systems and natural disaster prevention work such as sea dykes and reservoirs.
Duong told the conference that Phu Yen is also interested in improving the business investment environment, creating favourable conditions for the private sector to develop, while at the same time attaching great importance to environmental protection.
The locality also hopes for technical support in planning and conducting feasibility studies on the building of a smart city in Tuy Hoa, along with consultations in calling for resources from outside and promoting public-private partnerships, he said.
“Phu Yen is a fast-growing province with large investment demand. In the period 2021-25, we aim to maintain a growth rate of over 8 per cent per year. Therefore, the timely support of the World Bank is crucial to the province,” Duong said.
Ousmane Dione, Country Director WB in Viet Nam, said that the bank was willing to co-operate with the south-central province and become the locality’s partner in areas proposed by the locality.
Following the conference, the WB would take specific actions to implement relevant projects, he said.
Currently, Phu Yen needed to make use of three funds of institutional, human and natural capital to build a strategic vision and draw up specific financial plans. The province should take advantage of information technology application, create a friendly, safe and selective business environment which was associated with sustainable development, he said
In the 2011-15 period, Phu Yen received 14 projects worth VND1.38 trillion funded by ODA and soft loans, up 21.1 per cent over that in the 2006-10 period.
The resources mostly came from the World Bank, the Asian Development Bank, the Japan International Cooperation Agency, the German Development Bank, and the French Development Agency.
The province has attracted two WB-funded projects on overcoming natural disasters’ consequences and strengthening land and land data management for 2016-20.
