Deputy Minister of Finance, Tran Xuan Ha, and French Ambassador to Vietnam, Jean-Francois Blarel, signed three credit agreements worth 123.4 million euro for three projects in Hanoi on February 8.

The first credit is worth 80 million euro for building a railway route in Hanoi, which will link a railway station in the outskirts district of Tu Liem with the Hanoi Railway Station. The second one worth 32 million euro is for upgrading a railway system from Yen Vien in Hanoi to the northern mountainous province of Lao Cai. The third 11.4 million euro credit will be used in preventing floods from the Sai Gon River. The investment will help improve living conditions of local people through creating favourable conditions for them to use roads and river transport and control polluted water.

Three ODA loans will enjoy Euribor preferential interest over 20 years.