Investment in Da Nang development project reduced

The Prime Minister has approved an adjustment to reduce the total investment in the “Sustainable Development of Da Nang City” project from $272.13 million to $267.5 million, with a World Bank loan of $160.5 million and counterpart capital of $107 million. Implementation is from April 2013 to June 30, 2021, but most components are behind schedule due to many reasons. Da Nang has therefore requested an extension to the project schedule.