ADB approves $20m loan to Binh Duong's waste management project in Vietnam

ADB approves $20m loan to Binh Duong's waste management project in Vietnam

Binh Duong province, Vietnam. Photo by Vinh Thang on Unsplash

The Asian Development Bank (ADB) has approved a loan of $20 million to Binh Duong Water Environment JSC to support its Binh Duong Waste Management and Energy Efficiency project, according to a disclosure.

The financing comprises $7 million from Japan, $7 million in ordinary capital resources, and $6 million from Leading Asia’s Private Infrastructure Fund (LEAP), an ADB-managed fund capitalised with a $1.5 billion commitment by the Japan International Cooperation Agency (JICA).

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