ADB, Thu Dau Mot Water sign 6 million USD loan agreement for water expansion project
The loan will be used to increase the plant’s capacity from 30,000 to 80,000 cubic metres per day, ensuring a reliable supply of clean water for residents, as well as for the growing number of commercial and industrial users.
The signing ceremony between the Asian Development Bank and Thu Dau Mot Water Joint Stock Company. (Photo courtesy of ADB)
HCM City (VNS/VNA) - The Asian Development Bank (ADB) and Thu Dau Mot Water Joint Stock Company (TDM) have signed a 6 million USD loan agreement to expand Bau Bang water treatment plant, addressing growing water needs amid rapid economic and population growth in Ho Chi Minh City’s northern industrial and residential areas of Binh Duong and Thu Dau Mot.
The loan will be used to increase the plant’s capacity from 30,000 to 80,000 cubic metres per day, ensuring a reliable supply of clean water for residents, as well as for the growing number of commercial and industrial users.
ADB is partnered with the Japan International Cooperation Agency (JICA), which is co-financing an equivalent amount.
According to ADB Country Director for Vietnam Shantanu Chakraborty, the expansion of the Bau Bang water treatment plant is essential to ensure clean and reliable water supply for local consumers and existing businesses, as well as prospective investors looking to establish a presence in the Southern Key Economic Zone of Vietnam.
“The project will support ongoing economic growth, job creation and foreign direct investment in Vietnam,” he said.
TDM will also receive knowledge and technical assistance support through ADB’s 'Water Organization Partnership for Resilience' programme, which will provide capacity-building training to its staff in key areas, including water ecology management, smart energy management and carbon neutrality.
Training will be delivered in partnership with the Korea Water Resource Corporation, a globally recognised leader in water management.
“We are committed to providing high-quality water services to our customers and contributing to sustainable development in Binh Duong and Thu Dau Mot,” said TDM’s General Director Tran The Hung.
🌺 “Our collaboration with ADB will help us access long-term financing, strengthen our capacity to manage environmental and social impacts, and improve climate sustainability and resilience.”/.
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