The Hanoitimes - The French Development Agency (AFD) will continue to provide between EUR80-100 million in official development assistance (ODA) a year with low interest rates to help Vietnam implement water supply, environmental sanitation and infrastructure projects.
The Hanoitimes - The French Development Agency (AFD) will continue to provide between EUR80-100 million in official development assistance (ODA) a year with low interest rates to help Vietnam implement water supply, environmental sanitation and infrastructure projects. The aid will be carried out in the 2012-2015 period, with water supply and environmental sanitation projects making up one third of the total, Jean-Marc Gravellini, AFD Vietnam Director told Vietnam Investment Review recently. Gravellini said the French Government has committed EUR350 million to Vietnam to undertake 30 water supply and environmental sanitation projects in the country since 1997. The AFD alone has implemented 13 projects with total disbursed capital of EUR270 million. The French Treasury has financed EU75 million to the remaining projects in provinces and cities across the country. Over the past seven years, AFD-funded projects have helped build 1,990km of road, zone off 123,500ha of land for agricultural production, increase the number of people accessing safe water by an additional 1 million, and reduce billions of tonnes of carbon dioxide emissions. The efficiency of the French development aid is expected to increase significantly when more and more projects will be carried out in the coming years, said Gravellini. KTD |