By Dat Nguyen October 10, 2020 | 08:00 am GMT+7 VNExpressAn artist’s impression of a 257MW solar power plant backed by the Asian Development Bank (ADB) in the central province of Phu Yen. Photo courtesy of the ADB.
The Asian Development Bank (ADB) is leading a group of lenders to provide $186 million for the development of a solar power plant in the central province of Phu Yen.
The financing comprises a $27.9 million loan from the ADB, a $148.8 million syndicated loan funded by commercial banks with ADB as Lender of Record, and a $9.3 million loan provided by the Leading Asia’s Private Infrastructure Fund (LEAP).
The loan will fund a 257-megawatt power plant in Phu Hoa District. The plant will be the largest single operating solar power plant in Vietnam and one of the largest in Southeast Asia, the ADB said in a statement.
It will help reduce carbon dioxide emissions every year by 123,000 tons while directly serving the electricity demand of Quang Ngai Province and Nha Trang Town in central Vietnam as well as surrounding areas.
By Phuoc Tuan October 9, 2020 | 08:31 pm GMT+7 VNExpressAn intersection between the Ho Chi Minh City – Long Thanh – Dau Giay Expressway with the National Highway 1A in Thong Nhat District, Dong Nai Province. Photo by VnExpress/Phuoc Tuan.
A VND18 trillion ($777 million) expressway is proposed to be built between the southern province of Dong Nai and Lam Dong in the Central Highlands.
The 67-kilometer expressway will have four lanes and allow vehicles to travel at up to 80 kilometers per hour, according to a pre-feasibility report drawn up by the Ministry of Transport’s Thang Long Project Management Unit.
Back in may, when President Donald Trump called for America to stop funding the World Health Organization, he presented a list of the WHO’s recent failures: the organization’s initial failure to flag the spread of the novel coronavirus; its initial failure to follow up when Taiwan—a country excluded from the WHO because of Chinese objections—inquired about evidence that seemed to indicate that the virus could be transmitted from one human to another; its initial failure to press China to accept an international investigation into the source of the virus. At the beginning of the pandemic, the WHO, which operates as a specialized agency of the United Nations, seemed to be one beat behind. It also seemed overly reliant upon biased information provided by the government of China.