MANILA: The Asian Development Bank (ADB) and Vietnam on Thursday (April 17) signed a financing package of US$60mil to upgrade and construct transport and water supply infrastructure in five upland districts with the highest concentration of ethnic minority communities in the central coastal provinces of Phu Yen and Quang Tri, Vietnam.
The Climate Resilient Inclusive Infrastructure for Ethnic Minority Project II will upgrade about 133km of district and commune roads using climate-resilient standards, construct and upgrade rural water supply, and provide reliable weather and climate data for early warning and disaster response.
The ADB said about 363,000 people, including 187,000 from ethnic minority groups, will directly benefit from the project.
The financing package includes $59 million in ADB loans and a $1 million grant from the ADB's High-Level Technology Fund. The grant will fund the supply and installation of data systems for climate and disaster risk management.
Additionally, the project will include financing from the Vietnamese government of $19.74 million dollars. - Xinhua
