World Bank funds housing for 10,000

New houses, roads, lighting and water systems have been built for around 9,400 families in HCM City under a project that received a World Bank (WB) loan of US$426,8 million.

Le Thanh Liem, the project’s director, said 45 apartment buildings in 33 poor areas in HCM City were built for low-income families and fire-prevention programmes were also set up.

He said that when the project was completed, around 1.7 million residents would benefit.

Le Thi Tuyet Mai, a resident of the city’s District 6, said the new infrastructure, as well as a loan from the WB project, had increased her restaurant’s earnings.

Le Hoang Quan, chairman of the city People’s Committee, has told agencies to deal with site delays in order to complete the project by the deadline in 2014.

The WB also offered Can Tho, Da Nang and Hanoi loans to carry out similar projects.

Tags: World bank

Posted by VBN on Feb 9 2011. Filed under Economy News, Real Estate. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry