Vietnam’s shift from a centrally planned to a market economy has transformed the country from one of the poorest in the world into a lower middle-income country. Vietnam now is one of the most dynamic emerging countries in East Asia region.
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WASHINGTON, D.C., May 29, 2015 — The World Bank Group’s Board of Executive Directors today approved a loan of US$124 million to improve the performance and efficiency of public transport in a high-pri... Show More +ority corridor in Ho Chi Minh City.The city, Vietnam’s principal economic hub, generates one-fifth of Vietnam’s gross domestic product. Along with its surrounding region, Ho Chi Minh City accounts for almost half of Vietnam’s total manufacturing output.“To ensure continued strong economic performance and achieve Vietnam’s goal of successfully transitioning to middle-income status, the national government is seeking to address infrastructure constraints as one of its key strategic direction,” said Arturo Ardila-Gomez, the World Bank’s Project Team Leader. “Given HCMC’s pivotal role in the national economy, the project focuses on upgrading a key transport corridor to demonstrate the potential of a sustainable urban transport system.”The project will finance the development of a Bus Rapid Transit corridor between An Lac in the southwest and Rach Chiec in the northeast, following the Vo Van Kiet and Mai Chi Tho Boulevards, stretching about 23 kilometers, with 28 stations.The system, once completed, will be able to transport up to 28,300 passengers a day. Its design aims to address the needs of women, children and people with disabilities. Design features include keeping all bus and station doors at the same level, making it easier for passengers to board and exit buses and load strollers and other carriers.Stations will have low-slope ramps for wheelchair access, making it easier for people with disabilities. In addition, the project will finance at least 28 buses that will run on compressed natural gas, a cleaner fuel that reduces emissions and pollution.The project also seeks to show the advantages of Bus Rapid Transit and help city authorities prepare for the implementation of a proposed six-line network and lay a foundation for HCMC to build the institutions needed to run an integrated public transport system in the future.The future metro, tramway, BRT, and bus lines will need to be coordinated to provide users with an integrated service that makes travel convenient. This integration implies, among others, a unified fare structure integrating stations and stops of different modes, so that transfers are as seamless and convenient as possible.By building up the capacity of HCMC’s existing institutions to handle urban transport regulation, management and operations, the project will pave the way for the eventual establishment of a unified citywide Public Transport Authority, which would coordinate strategy, services and fares across all public transport modes.The Project has a total cost of US$ 137.45 million and will be financed by an International Development Association credit equivalent to US$124.0 million. The remaining investment will be co-financed by the Socialist Republic of Vietnam (US$ 13.45 million). The IDA credit will have a maturity of 25 years, including a grace period of five years. Show Less -
IDA Credit: US$124.0 million equivalentTerms: Maturity = 25 years, Grace = 5 yearsProject ID: P126507Project Description: The objective of the project is to increase the access to job opportunities an... Show More +d urban services for citizens residing in the southwestern side of the city and other adjacent areas. It aims to help develop a public transport system that can become an efficient travel alternative to those populations, which will generate fewer emissions and is safer, more secure, more efficient, and integrated with land development along the corridor and the proposed metro lines. Show Less -
MÉRIDA, MEXICO, May 27, 2015—The Clean Energy Ministerial (CEM) will work with the World Bank’s Energy Sector Management Assistance Program (ESMAP) to deliver targeted technical assistance that will h... Show More +elp developing and middle-income countries integrate large shares of wind and solar energy into their electricity grids.The price of wind and solar inputs has dropped substantially in recent years, and these energy sources are becoming cost-competitive with coal and gas for electricity generation in some markets. Over 144 countries have set renewable energy targets, and more than 100 have already enacted policies or measures to promote the use of renewables. Since 2011, over half of net capacity additions in the global power sector have come from new renewable energy deployment.However, the prospect of meeting a sizeable share of electricity demand through wind and solar also requires expansion and modernization of electricity grids, as well as significant changes to policies and operational practices. There is tremendous demand for technical assistance to help countries make the transition to a “renewable-friendly” grid.CEM and the World Bank will work together to meet this demand by leveraging CEM’s wide-ranging technical expertise to support a new ESMAP initiative. The ESMAP Variable Renewable Energy Integration Program helps countries develop capacity for long-term grid planning, market design, renewable energy pricing, development of rules of access to electricity grids, and strengthening of the electricity dispatch and transport infrastructure. Countries participating in this initiative will now have access to technical experts, knowledge and resources through CEM’s 21st Century Power Partnership (21CPP) and Clean Energy Solutions Center. The services provided will help countries address immediate issues and increase their capacity for longer-term policy and investment planning. “Technical assistance is critical for developing the policies, targeted investments and infrastructure that make the transition to renewable-friendly grids possible,” said Anita Marangoly George, Senior Director of the World Bank’s Energy and Extractives Global Practice. “The World Bank and the Clean Energy Ministerial can bring together technical expertise, country engagement and financing to help facilitate this transition.”Together, the ESMAP and CEM initiatives will work to deliver the most advanced knowledge—from technical integration of VRE and smart grids to harmonized policy and regulatory frameworks—that will draw from the experiences of vanguard countries already managing high percentages of wind and solar penetration. The Clean Energy Solutions Center will provide just-in-time technical assistance to policy makers participating in the ESMAP initiative through its “Ask-An-Expert” service.Opportunities will also be identified to hold clean energy workshops and webinars to provide cooperative training for policy makers in participating countries. Additionally, ESMAP donors and the United States will support ESMAP by sending technical experts to play key roles in the Variable Renewable Energy Integration initiative. ”Accelerating clean energy deployment while maintaining reliability and affordability is an area of significant research and innovation in the United States and other countries around the world,” said Jonathan Elkind, Principal Assistant Secretary for International Affairs at the U.S. Department of Energy. “We are excited that through this partnership we can directly apply this knowledge to help other countries more effectively scale up their share of renewables."This collaboration will expand the work of 21CPP on grid integration already underway through multi-year technical assistance programs in India, Mexico, and South Africa. The ESMAP initiative, although still in its early stages, is already evaluating proposals for support in Mexico, Guatemala, Costa Rica, Honduras, Haiti, Morocco, Ukraine, India, Philippines, Seychelles, South Africa and Vietnam. The 21st Century Power Partnership is an initiative of the Clean Energy Ministerial focused on power sector transformation and grid integration of renewable energy, energy efficiency, and smart grid technologies. For more information and to view reports and publications, visit http://www.21stcenturypower.org/ or contact email@example.com.The Clean Energy Solutions Center, an initiative of the Clean Energy Ministerial, provides no-cost policy assistance, training, and tools to help governments, advisors, and analysts create policies and programs that advance the deployment of clean energy technologies. The Solutions Center is co-led and co-funded by the U.S. Department of Energy through support from the U.S. Department of State and the Australian Department of Industry and Science. For more information, visit www.cleanenergysolutions.org.The Energy Sector Management Assistance Program (ESMAP), a multi-donor technical assistance trust fund program administered by the World Bank, helps countries increase their knowledge and institutional capacity to achieve environmentally sustainable energy solutions for poverty reduction and economic growth. For more information, please visit www.esmap.org. Show Less -