ODA to top $5 billion this year (01/12)
06/08/2010 - 18 Lượt xem
Most of the money has been used for major projects chiefly related to transport, water supply and drainage, and urban development.
The ODA amount included loans of $500 million to help the country overcome the global economic crisis, $410.2 million for the HCM City - Long Thanh-Dau Giay expressway, and $299.9 million for the Ha Noi water drainage project second phase.
The ODA disbursement target for the year was just $1.9 billion, including $1.6 billion in loans and $300 million in non-refundable aid.
But with the disbursement reaching $1.86 billion in just the first ten months, the ministry expects the amount for the whole year to reach $3 billion, the highest since Viet Nam began to receive ODA 17 years ago.
The ODA to be committed for next year at the Donor Consultative Group Meeting is expected to reach $5.07 billion. The World Bank, Asian Development Bank, and Japan, which provides 70-80 per cent of the total aid, remain the big donors.
Some major amounts are expected to go towards building a second international terminal at Ha Noi's Noi Bai International Airport ($710 million), the Da Nang-Quang Ngai expressway ($580 million), infrastructure for the Lang-Hoa Lac High Tech Industrial Park ($615 million), and a road linking Nhat Tan Bridge with Noi Bai International Airport in Ha Noi ($150 million).
The ministry also predicted the total ODA commitment for the 2006-09 period to reach $20 billion, far surpassing the target it set of $12.35-15.75 billion.
The ODA disbursement target for 2010 has been set at $2.47 billion, 30 per cent higher than this year's target.
Source: VietNamNet/Viet Nam News
