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Financial mechanism for ADB-funded water supply project
16:26', 31/5/ 2010 (GMT+7)

Permanent Deputy Prime Minister Nguyen Sinh Hung has approved the Ministry of Finance’s petition on allowing the women’s unions of 6 central provinces to join the Central Region Rural Water Supply and Sanitation Sector Project.

Six central coastal provinces of Thanh Hoa, Nghe An, Ha Tinh, Quang Binh, Quang Nam and Binh Dinh selected to join the project.

As many as 350,000 people in six provinces will be provided with clean water and hygienic sanitation facilities.

ADB’s loan will cover 90 percent of the US$50-million project. The loan has a 32-year term, including a grace period of 8 years. The Government of Vietnam and project beneficiaries will make up the balance of the cost with in-kind and cash contributions totaling $5 million.

The Ministry of Agriculture and Rural Development is the agency responsible for the project, which is due for completion around the end of 2016.

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