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TOKYO, April 1 Asia Pulse - Japan has pledged to provide preferential loans of up to US$945 million to Vietnam's infrastructure development projects in the 2007 fiscal year.
Japanese official development assistance (ODA) loan agreements were signed in Tokyo on March 31 by Vietnamese Deputy Finance Minister Truong Chi Trung and Governor of Japan Bank for International Cooperation (JBIC) Koji Tanami.
The loans will go towards construction of the Hanoi city urban railway (Line 1), the Hanoi city rising road No.3 and the North-South expressway (Ho Chi Minh City-Dau Giay).
The money will also be spent on the Ho Chi Minh City water (phase II) and the Hue city water environment improvement projects, and the power transmission and distribution network development project.
Addressing the signing ceremony, JBIC Governor ...
Source: HighBeam Research, JAPAN PROVIDES SOFT LOANS FOR VIETNAM INFRASTRUCTURE PROJECTS.