ADB to fund power grid in Hanoi, HCMC

Prime Minister Nguyen Tan Dung has approved a technical assistance project to develop a power grid in Hanoi and Ho Chi Minh City that will be funded from Asian Development Bank’s non-refundable official development assistance.

The project will cost an estimated US$544,000, of which $500,000 will be contributed by ADB.

The Prime Minister entrusted the Ministry of Industry and Trade to prepare, verify and ratify the aforesaid project abiding by current regulations. The State Bank of Vietnam will coordinate and sign the agreement with ADB.

By T.Van – Translated by Thuy Doan

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