France to lend Vietnam 123 mln eur for rail, flood control projects |
|
|
|
Published
:
Wed, 07 Feb 2007 12:38
|
HANOI (XFN-ASIA) - France will loan Vietnam 123 mln eur for urban and regional rail projects in the country's north and flood control systems in the south, its embassy said.An 80-mln-eur loan, part of an agreement to be signed tomorrow, will help build a 12.5-kilometre light rail line in Hanoi, the capital's first mass transit system, with both elevated and underground sections.The line will carry 124,000 passengers a day, easing traffic congestion and air pollution, the French Development Agency said. Hanoi hopes to open the route in 2010.The French Ministry of Economy and Finance committed 200 mln eur for the project last October.Another loan worth 32 mln eur will help upgrade a 285-kilometre stretch of railway between Hanoi and the Chinese border, the Yen Vien Lao Cai line, scheduled to be completed by 2011 or 2012.The project, co-financed by the Asian Development Bank, will boost economic and tourism development in Vietnam's north and form part of a regional rail link between Singapore and Kunming in southern China.A third loan, totaling 11.4 mln eur, will be used to strengthen flood control and build irrigation and sanitation canals and bridges in the southern commercial hub of Ho Chi Minh City.afp
|
|
|
|
Print this Story
Insurance against floods to be extended under new deal 