Economic News

4 projects to be added to the list of projects mobilizing ODA capital and loaning foreign donors

On the morning of December 12th 2016, Standing Committee of Provincial People's Council met Khanh Hoa Provincial People's Committee to supplement the list of projects which mobilize ODA capital and loan foreign donors’ capital in the period of 2016 - 2020. Mr. Nguyen Tan Tuan - Deputy Secretary of the provincial Party Committee, Chairman of provincial People’s Council; Mr. Tran Son Hai - Member of Provincial Standing Committee, Permanent Deputy Chairman of Khanh Hoa provincial People's Committee attended the meeting.

Renovation and Upgrade main channel Suoi Dau reservoir is one of project to be loan from foreign donors. Photo: panoramio.com.

At the meeting, after hearing the proposals of the Provincial People’s Committee, the Permanent Committee of Provincial People's Council agreed to supplement 4 projects on the list of projects which mobilize ODA capital and loan foreign donors’ capital in the period of 2016 - 2020 to submit the provincial People's Council adopt in session 3. Accordingly, 4 projects to be added in the list include: subproject of renovation and upgrade the main channel Nam Cam Ranh reservoir and the main channel Suoi Dau reservoir with total investment of 380 billion Dong, of which loans from Asian Development Bank is 342 billion Dong, counterpart fund from provincial budget is 38 billion Dong; Fish Port Project under the Center for Khanh Hoa big Fisheries (phase 2), the total investment of 470 billion Dong, of which, loan the French Development Agency (AFD) 423 billion Dong,  counterpart fund from budget of the province is 47 billion Dong; The project to strengthen land management and land database (VLAP phase 2), the total investment of 52.46 billion Dong, World Bank loan (WB) is 42.4 billion Dong, counterpart fund from the provincial budget is 10 billion Dong; Project AFD credit line for Investment and Development Fund of Lao Cai and Khanh Hoa with total capital of 228 billion Dong, of which, Investment and Development Fund of Khanh Hoa will use this capital to lend the project lists in the field of socio- economic infrastructure period 2016 - 2020 to be adopted by provincial People’s Council.

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