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ADB, Vietnam sign 60-mln-USD financing package to boost infrastructure for ethnic minorities in Vietnam

0 Comment(s)Print E-mail Xinhua, April 17, 2025
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MANILA, April 17 (Xinhua) -- The Asian Development Bank (ADB) and Vietnam on Thursday signed a financing package of 60 million U.S. dollars 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, Viet Nam.

The Climate Resilient Inclusive Infrastructure for Ethnic Minority Project II will upgrade about 133 kilometers 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 dollars in ADB loans and a 1 million dollar 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. Enditem

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