Vinh Long Urban Development and Climate Resilience Project (WB-P171700)

Countries
  • Vietnam
Where the impacts of the investment may be experienced.
Specific Location
Vinh Long city, Vinh Long province
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
Government of the Socialist Republic of Vietnam
The holder of the loan, grant, or other investment.
Sectors
  • Climate and Environment
  • Infrastructure
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 163.40 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 163.40 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 219.40 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Jan 13, 2020

Disclosed by Bank Oct 18, 2019


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Project Description

According to the bank document, the project aims to improve access to infrastructure and connectivity and to reduce flood risk in the urban core area of Vinh Long city. There are 4 components included in the project:

Component 1: Flood risk management and environmental sanitation (WB Loan/Credit: US$ 93.3 million)

Component 2: Strategic corridors development (WB Loan/Credit: US$ 41.5 million)

Component 3: Resettlement Area Development (WB Loan/Credit: US$ 4.9 million)

Component 4: Enhancing Climate Resilience in Urban Management (WB Loan/Credit: US$ 2.4 million)

Investment Description
  • World Bank (WB)

IDA Commitment (World Bank) US$ 163.4 million

Borrower's counter-part (Govt of Vietnam) US$ 56.00 million

Contact Information

1/ World Bank
Project team leaders: Hoa Thi Hoang, Mansha Chen
Sr Urban Spec.

2/ Borrower/Client/Recipient
Socialist Republic of Vietnam

*There is no further information being disclosed at this stage of the project*

Implementing Agencies
ODA PMU of Vinh Long Province

Contact: Dang Vinh Phuc Truong

Position: PMU Director

Email: odavinhlong@gmail.com

FOR MORE INFORMATION CONTACT
The World Bank
1818 H Street, NW
Washington, D.C. 20433
Telephone: (202) 473-1000
Web: http://www.worldbank.org/projects

ACCOUNTABILITY MECHANISM OF WORLD BANK

The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.