Southern province of Tây Ninh on April 11 called on the Asian Development Bank (ADB) to provide financial assistance of US$40 million for the construction of the Mộc Bài Urban Zone.
Mộc Bài border gate
The project will cover an area of 7,400ha with a population of 70,000 by 2020 and generate around 58,000 laborers.
Initiatives will include the upgrade of the water supply system, to increase capacity from 7,000 cu.m to 30,000 cu.m per day, the waste treatment system and the construction of roads, waste landfills and an inland port system.
Total capital needed to finish the work was estimated at $54 million.
Mộc Bài Urban Zone will be a satellite city of the Southern Key Economic Zone and a border-gate economic centre promoting trade between Việt Nam and some of the Greater Mekong sub region countries.
The ADB would review documents, conduct fieldwork and work with local authorities in consideration of funding the project./.
Source : VGP