In the afternoon of May 9th, Mr. Le Duc Vinh - Deputy Secretary of the Provincial Party Committee, Chairman of the Khanh Hoa provincial People's Committee had a working meeting with the World Bank (WB) working group on the medium-term public investment plan for the period 2016 - 2020 and budget allocation in 2018; contractor selection and site clearance for the first 18 month period of the Coastal Cities Sustainable Environment Project (CCSEP) - Nha Trang subproject.
Illustrative picture. Photo: baokhanhhoa.vn.
After hearing Khanh Hoa province report on the selection of contractors for construction and consultancy packages; medium-term public investment plan and budget allocation in 2018; site clearance... representatives of the WB highly appreciated the coordination of departments and desired Nha Trang subproject soon disburses the first phase.
Speaking at the meeting, Mr. Le Duc Vinh said that Khanh Hoa province will ensure sufficient reciprocal capital as committed to the WB; for loans, the province will allocate as soon as it is issued. In the coming time, the provincial People's Committee will direct the branches and Nha Trang city accelerates site clearance to ensure the progress of the project.
Coastal Cities Sustainable Environment Project – Nha Trang subproject invested by the Development Project Management Board of the province with a total investment of 72 million USD, of which: IDA fund (International Development Association of the WB) 44.22 million USD; IBRD loan (International Bank for Reconstruction and Development) 16.38 million USD and reciprocal capital from the provincial budget is 11.4 million USD.