The Prime Minister has approved the investment plan for a project worth over 4.5 trillion VND in Nghe An province.

Nhat Lan December 30, 2021 07:39

(Baonghean.vn) - On December 28, 2021, the Prime Minister approved the investment policy for the project "Priority Infrastructure and Urban Development Adapting to Climate Change in Vinh City, Nghe An", financed by a World Bank loan.

Bản vẽ mặt bằng tổng thể các hạng mục đề xuất Dự án “Hạ tầng ưu tiên và phát triển đô thị thích ứng với biến đổi khí hậu thành phố Vinh, Nghệ An”,  Ảnh: Nhật Lân
Overall site plan of the proposed items for the project "Priority Infrastructure and Urban Development Adapting to Climate Change in Vinh City, Nghe An". Photo: Nhat Lan

Project"Priority infrastructure and urban development adapting to climate change in Vinh City, Nghe An Province"The project, financed by a World Bank loan, received investment approval from the Prime Minister in Decision No. 2212/QD-TTg. The overall objectives of the project, "Priority Infrastructure and Urban Development Adapting to Climate Change in Vinh City, Nghe An Province," include:

- To minimize the risk of flooding in urban areas and enhance the city of Vinh's ability to manage urban areas in adaptation to climate change.

- Supporting the development of integrated infrastructure and climate change adaptation capabilities in Vinh City, contributing to sustainable urban development and climate change adaptation as a driving force for comprehensive socio-economic development for Vinh City and Nghe An Province.

The project has specific objectives:

- Reduce flooding and adapt to climate change for the city through the renovation and upgrading of the drainage system. Improve environmental conditions and enhance the quality of life for residents through the renovation and upgrading of the Vinh River and the wastewater collection and treatment system.

Sông Vinh nhìn từ điểm cầu Bến Thủy. Ảnh: Thành Cường
The Vinh River as seen from the Ben Thuy Bridge. Photo: Thanh Cuong

- Strengthening connectivity between the central area and developing areas with weak infrastructure, in order to create momentum for the city's development through the construction of several connecting routes.

- Enhancing green spaces in the city through the construction of public infrastructure, including the renovation of the Vinh River, the construction of Hung Hoa 2 Lake, and park infrastructure.

- Enhancing urban management capacity to adapt to climate change and implement integrated and proactive flood control for Vinh City.

The project comprises four components: Integrated investment in drainage, sanitation, and connectivity; Expanding storage capacity to reduce urban flooding; Upgrading and rehabilitating the Vinh River; and Developing systems and capacity for improved urban resilience.

Bản vẽ phương án nâng cấp và cải tạo sông Vinh do các chuyên gia của WB thực hiện. Ảnh: Nhật Lân
A rendering of the Vinh River upgrade and renovation plan, created by World Bank experts. Photo: Nhat Lan

The project "Priority Infrastructure and Climate Change Adaptation Urban Development in Vinh City, Nghe An Province" has a 6-year implementation period, starting from the date the project is authorized to allocate funding.

The total investment for the project is US$194.5 million, equivalent to VND 4,502 billion. Of this, US$129.6 million (VND 3,000 billion) is a loan from the World Bank, and VND 1,502 billion is counterpart funding.

Decision No. 2212/QD-TTg also clearly states that the counterpart funding will be provided by the People's Committee of Nghe An province in accordance with regulations. The People's Committee of Nghe An province is responsible for allocating sufficient counterpart funds to ensure the effective implementation of the Project, on schedule and in accordance with current regulations.

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The Prime Minister has approved the investment plan for a project worth over 4.5 trillion VND in Nghe An province.
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