Quang Binh financed to protect coastal forest

Published On: 28/06/2017

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 (Quang Binh Portal) - The World Bank (WB) has recently approved a USD 300 million fund to support Vietnam in enhancing transport connectivity in countryside and forest protection in eight coastal localities.
Two projects to receive financing include the Central Highlands Connectivity Improvement Project and the Forest Sector Modernization and Coastal Resilience Enhancement Project.

Accordingly, USD150 million will be spent on supporting the management of coastal forests in Quang Binh and the provinces of Quang Tri, Thanh Hoa, Nghe An, Ha Tinh, Thua Thien-Hue, Quang Ninh and Hai Phong city.

The project is hoped to create jobs for residents in more than 900 communities across 257 communes in eight benefiting localities while offering opportunities for ecotourism and aquaculture development.

The remaining of USD150 million will be spent to the connectivity improvement project, which is designed to upgrade 142 kilometers of National Highway 19 and strengthen transport safety and resilience to national disasters.

The funding for the two projects is a loan from the International Development Association to support for low-income countries of the World Bank.

By Nhu Y
(Source: Quang Binh Portal)

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