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World Bank supplies $2.2mn to upgrade fishing port in Vietnam

World Bank supplies $2.2mn to upgrade fishing port in Vietnam

Thursday, June 05, 2014, 18:10 GMT+7

The World Bank (WB) has approved an over VND40 billion ($2 million) funding package to upgrade and expand a fishing port in central Vietnam, the Vietnam News Agency reported on Monday.

The De Gi fishing port located in the central coastal province of Binh Dinh will accordingly be upgraded under a VND47 billion ($2.2 million) project financed by the WB. 

After the upgrade, the port will be able to handle around 3,000 boat arrivals a year, especially offshore fishing vessels, and provide jobs for 400 to 600 local workers, Tran Van Vinh, deputy director of the management board of the provincial Coastal Resources for Sustainable Development (CRSD) project, said.

Several changes will be made including leveling a 2.4 hectare area, paying compensation to the displaced families in the project site, building waste treatment plants, electricity services, and expanding the fishing port.

Luong Ngoc Anh, deputy chairman of the Phu Cat District People’s Committee, pointed out that the upgrade of the De Gi port will greatly contribute to local socio-economic development.

Besides helping fishermen work safely in bad weather conditions, the port will also encourage them to continue engaging in fishing activities and contributing to the protection of Vietnam’s sea and island sovereignty.

The port is expected to begin operations in 2016.

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