JICA helps Danang build water treatment plant

December 23, 2012 | 11:40

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Japan International Cooperation Agency (JICA) approved a $2 million funding for a study on the building of the Hoa Lien Water Treatment Plant in the form of Public-Private Partnership.

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PPP is a cooperative model that JICA has strongly preferred to attract Japanese investors to Vietnam, the chief representative of JICA in Vietnam has revealed.

At a working session with Danang city’s authorities on December 20, a representative of the Asian Development Bank (ADB) said that Da Nang City can choose the optical plan to launch the project or use the financial assistance sourced from ADB or that between ADB and Japanese private investors.

With the PPP form, the city can take advantage of private investors’ loans and Japanese investors’ capacity.

The Hoa Lien Water Treatment Plant project benefits from the ADB’s credit program designed for Vietnam in the phase from 2010-2020 with a total value of $1 billion.

VGP

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