Vietnam: Northern Delta Transport Development

WASHINGTON, June 24, 2008- The following projects were approved today by the

World Bank’s Board of Executive Directors:

IDA Credit: US$170 million

TERMS: Maturity = 40 Years; Grace Period =   10 Years

Program Description: This project aims to enhance the efficiency, environmental sustainability and safety o f transport infrastructure and services, through the alleviation of physical and institutional bottlenecks, in two major waterway corridors in the Northern Delta Region.  This project has three main components - multimodal transport corridor investments in the Northern Delta Region, investments in small ferry boats stages, and institutional support to Ministry of Transport , Vietnam Inland Waterway Administration, and the provinces.

For more information, please call Mohamad Al-Arief at (202) 458-5964 or email malarief@worldbank.org