The World Bank (WB) has just finished checking the implementation of the project to improve environmental sanitation in the central city of Nha Trang.
After the on-the-spot inspection, WB representatives asked the local authorities to enhance the management of the project in the remaining 3 years and to try to finance some US$ 17 million for the project this year.
Under the earlier signed agreement between WB and Vietnam, WB was to fund nearly US$ 60 million for a project to improve environment in Nha Trang.
However, after the working session with the Khanh Hoa Provincial People’s Committee, WB representatives accepted to invest an additional amount of US$ 14.5 million for the project.
An agreement on the additional funding is expected to be signed in May 2011 and it will come into effect in August 2011.
Translated by Thu Nguyen