ADB Funds Vietnamese Water Projects

The Asian Development Bank (ADB) has signed two loan agreements worth $198m with the Vietnamese Government to provide potable water to the residents of Ho Chi Minh City and complete a water resources project for the surrounding provinces.

ADB will provide $138m as part of a $2.8bn investment programme involving ADB, the Vietnamese Government, development partners and water company investors, reports Saigon Times Daily.

The project will target poorer households, which have no access to water pipelines, providing benefits to over half a million residents and connecting almost 20,000 families to piped water.

ADB will also provide a $60m loan as supplementary financing to the Phuc Hoa water resource project for the construction of two new irrigation systems for agricultural development by March 2014.