A water supply development programme, including 11 projects invested by Saigon Water Corporation (Sawaco), will be implemented in HCM City to supply clean water for all households.
Sawaco's Tan Hiep Water Treatment Plant - Illustrative photo (Photo: VNA)
HCM City (VNA) – A water supply development programme, including 11 projects invested bySaigon Water Corporation (Sawaco), will be implemented in HCM City to supplyclean water for all households.
An agreement on the programe was signed by theHo Chi Minh Financial Investment Company (HFIC), the JointStock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) andSawaco on August 9.
Per the deal, HFIC and Vietcombank will provide acredit of 3.65 trillion VND (160.6 million USD) for Sawaco to implement theprojects.
Since 2015, HFIC and Sawaco have together carriedout 33 investment projects to build water reservoirs and pipe networks innumerous districts, worth up to 3.3 trillion VND (145.2 million USD), with 2.24trillion VND (107.36 million USD) sourced from HFIC.
They include the water supply networks on BeltRoad 2, Huynh Tan Phat and Nguyen Dinh Chieu streets, the reservoirs of Tan HiepWater Treatment Plant and Thu Duc Water Treatment Plant.
According to the agreement, Vietcombank willcontinue providing water fee collection services for Sawaco’s units.
Tran Vinh Tuyen, Vice Chairman of the municipalPeople’s Committee lauded the cooperation among the stakeholders, saying it iscrucial to have such connections to mobilise resources for infrastructureprojects.
He expressed his hope that the credit willcontribute to improving locals’ living conditions.-VNA
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Sawaco's Tan Hiep Water Treatment Plant - Illustrative photo (Photo: VNA) 
