RoK funds US$33 mil transport project in Quang Nam

VOV.VN - The Prime Minister has approved a US$32.92 million project to build a 36.32km road in the central province of Quang Nam. 

The project will be implemented in four years, using ODA (official development assistance) loans from the Republic of Korea through its Economic Development Co-operation Fund (EDCF). 
   

The project’s objective is to enhance transport links among central and central highlands provinces and connect Bo Y international border gate to Ky Ha port, Chu Lai International Airport, Chu Lai Open Economic Zone and Dung Quat Economic Zone to further improve ASEAN connectivity.

The project also aims to boost regional socio-economic development through market approach and non-agricultural and industrial development basing on rational use of land and reducing travel costs.

The same day, the Prime Minister issued a decision approving EDCF loan agreements on two projects to supply medical equipment for the Tieu Can- Tra Vinh and,Tan Chau- An Giang general hospitals.

Leaders of the Ministry of Finance will represent the Vietnamese Government to sign the loan agreements with the Korean side. 

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The Cua Dai bridge spanning the Thu Bon River and a coastal road in the central province of Quang Nam were put into service on March 27 in the presence of National Assembly Chairman Nguyen Sinh Hung.