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Friday,  Dec 15,2017,17:01 (GMT+7)

Sawaco borrows VND3.65 trillion to fund major water supply plan

The Saigon Times Daily
Thursday,  Aug 10,2017,23:20 (GMT+7)
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Sawaco borrows VND3.65 trillion to fund major water supply plan

The Saigon Times Daily

HCMC - The Bank for Foreign Trade of Vietnam (Vietcombank) and the HCMC Finance and Investment Company (HFIC) yesterday agreed to lend VND3.65 trillion to Saigon Water Corporation (Sawaco) to fund a major water supply plan, Nguoi Lao Dong newspaper reports.

Sawaco will use the money for 11 projects to make sure all city residents will have access to clean water supply.

Tran Van Khuyen, chairman of Sawaco, said the city’s daily water output is 24 million cubic meters.

At the signing ceremony, HCMC vice chairman Tran Vinh Tuyen said that the loan with an annual interest rate at 8.5% would help the city implement its infrastructure development program.

Sawaco should improve water quality control, reduce water losses and make tap water drinkable, Tuyen added.

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