Lao PDR Granted Japanese Grant Aid Of USD 8.9 Million

(KPL) The government of Japan has provided grant assistance worth JPY 1 billion (USD 8.9 million) to the Lao PDR to support its socio-economic development.

The signing ceremony for the Exchange of Notes on four grant aid projects was held at the Ministry of Foreign Affair in Vientiane Capital on Mar 20.

The notes was signed and exchanged by the Ambassador of Japan to the Lao PDR Takeshi Hikihara and the Deputy Minister of Foreign Affairs Sengphet Houngbounnguang.

The four initiatives include socio-economic development programmes in the fisheries and aquaculture sector worth JPY 200 million (about USD 1.8 million) and the public security sector worth JPY 200 million (USD 1.8 million).

As for the public security sector, a project will equip the Ministry of Public Security with counter-terrorism equipment, such as X-ray security screening facilities and vehicles, in order to enhance Laos’s capability to prevent and fight against transitional crimes such as terrorism more effectively, in order to ensure security and peace not only in the Lao PDR, but the entire Mekong region.

The third project worth JPY 500 million (USD 4.5 million) will support the Lao PDR to import products necessary in the promotion of economic structural adjustment efforts, such as petroleum and steel. A grant aid project for the purpose of contributing to the implementation of the Detailed Design Project for the Expansion of Water Supply system in Luang Prabang City worth JPY 97 million (USD0.87 million) will improve the water supply system in Luang Prabang City through the rehabilitation of its water treatment plant, rehabilitation and expansion of distribution pipelines, and equipment for drainage facilities.

The target population of the project is over 73,500 residents, over an area of 68,695 sq m, with the target year for completion set at 2025.

Source: Lao News Agency

Related Posts