World Bank will loan $125 million to HCMC

(Engineering daily) Nguyen Anh Duong = HCMC will receive financial support package from the World Bank.

Support package worth $125 million was approved, marking a strategic shift from investment loans for particular industries to loans that support institutional improvements in localities.

The credit package will improve system of waste treatment and public transport in HCMC.

This program is designed to activate interdisciplinary integrated reforms in important areas for urban development in Ho Chi Minh City.

HCMC is at the forefront of Vietnam's economy, and contributing 21% to national budget, the loans will not only benefit city.

Ousmane Dione said "In order to successfully manage the rapid urban growth process, urban governance needs to be integrated and effective and investment must be made for urban services and infrastructure"