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Vietnam starts work on S. Korea-funded sewerage treatment project
By KH디지털2Published : Oct. 8, 2015 - 15:13
Vietnam has started work on a sewerage treatment project in the southern part of the country funded by South Korea, the finance ministry said Thursday.
The new facility to be built in Long Xuyen City will enhance living and environmental conditions for some 280,000 people living in the surrounding areas, the ministry said.
"At present, the city does not have a modern sewerage treatment system, causing urban waste to flow directly into the river. This causes waterborne diseases and threatens the wellbeing of citizens," it said.
In 2011, South Korea decided to provide US$46 million in soft loans for the $52.9 million project, it said.
The loan will come from the state-run Economic Development Cooperation Fund that was launched in 1987 to help development in emerging countries. Since it was established, Seoul has provided more than 10 trillion won ($8.6 billion) in aid.
As of late August, South Korea used the EDCF to support 56 projects in Vietnam, making the Southeast Asian country the No. 1 recipient of the support program. Total loans provided to Vietnam stand at over $2.87 billion so far. (Yonhap)
The new facility to be built in Long Xuyen City will enhance living and environmental conditions for some 280,000 people living in the surrounding areas, the ministry said.
"At present, the city does not have a modern sewerage treatment system, causing urban waste to flow directly into the river. This causes waterborne diseases and threatens the wellbeing of citizens," it said.
In 2011, South Korea decided to provide US$46 million in soft loans for the $52.9 million project, it said.
The loan will come from the state-run Economic Development Cooperation Fund that was launched in 1987 to help development in emerging countries. Since it was established, Seoul has provided more than 10 trillion won ($8.6 billion) in aid.
As of late August, South Korea used the EDCF to support 56 projects in Vietnam, making the Southeast Asian country the No. 1 recipient of the support program. Total loans provided to Vietnam stand at over $2.87 billion so far. (Yonhap)
