ADB to help Da Nang develop waste treatment solutions
The Asian Development Bank (ADB) and the Da Nang City People’s Committee have signed a transaction advisory services agreement to develop a new landfill and waste treatment facility.
According to Mr. Norio Saito, ADB Deputy Country Director in Vietnam, this support to Da Nang will complement the work ADB is doing in the urban sector in Vietnam and create a template for delivering waste treatment solutions via public-private partnerships (PPP) for other cities around the country. “ADB has been a key development partner of Da Nang,” he said.
The project will use a PPP scheme in which the private sector will design, build, finance, operate, and maintain the waste disposal and treatment facilities. These facilities will meet the city’s requirements beyond 2020 by applying appropriate technologies for treating waste. The concession period and other parameters, including the technologies to be used, will be determined based on the feasibility study. The project will complement the city’s initiatives to improve waste collection.
Da Nang, a rapidly growing industrial and tourism hub in central Vietnam with a population of over 1 million, collects about 700-750 tons of solid waste per day. Waste is disposed of in the city’s existing landfill but the remaining capacity will be fully utilized by 2020.
Development of a new site and waste treatment facility is an urgent task for the city, to make its solid waste management more sustainable and environmentally friendly.
ADB’s assistance to Vietnam to identify and develop PPPs, including in the waste sector, is a key priority in its 2016–2020 Country Partnership Strategy for Vietnam, which supports the country’s environmentally-sustainable growth.
The project will be ADB’s second PPP transaction advisory engagement in Vietnam and its first in the solid waste sector. As a transaction advisor for the project, ADB will work with the city to explore the most appropriate technology for the project, attract private sector investors, create document and contract templates that may be used for future PPPs in the sector and the region, and build local expertise in PPP management and execution.
Established in 1966 and based in Manila, the ADB is dedicated to reducing poverty in Asia and the Pacific through inclusive economic growth, environmentally-sustainable growth, and regional integration. It is owned by 67 members, 48 of which are from the region. Its assistance totaled $31.7 billion in 2016, including $14 billion in co-financing.
Illustrative image (Source: vovgiaothong.vn)
According to Mr. Norio Saito, ADB Deputy Country Director in Vietnam, this support to Da Nang will complement the work ADB is doing in the urban sector in Vietnam and create a template for delivering waste treatment solutions via public-private partnerships (PPP) for other cities around the country. “ADB has been a key development partner of Da Nang,” he said.
The project will use a PPP scheme in which the private sector will design, build, finance, operate, and maintain the waste disposal and treatment facilities. These facilities will meet the city’s requirements beyond 2020 by applying appropriate technologies for treating waste. The concession period and other parameters, including the technologies to be used, will be determined based on the feasibility study. The project will complement the city’s initiatives to improve waste collection.
Da Nang, a rapidly growing industrial and tourism hub in central Vietnam with a population of over 1 million, collects about 700-750 tons of solid waste per day. Waste is disposed of in the city’s existing landfill but the remaining capacity will be fully utilized by 2020.
Development of a new site and waste treatment facility is an urgent task for the city, to make its solid waste management more sustainable and environmentally friendly.
ADB’s assistance to Vietnam to identify and develop PPPs, including in the waste sector, is a key priority in its 2016–2020 Country Partnership Strategy for Vietnam, which supports the country’s environmentally-sustainable growth.
The project will be ADB’s second PPP transaction advisory engagement in Vietnam and its first in the solid waste sector. As a transaction advisor for the project, ADB will work with the city to explore the most appropriate technology for the project, attract private sector investors, create document and contract templates that may be used for future PPPs in the sector and the region, and build local expertise in PPP management and execution.
Established in 1966 and based in Manila, the ADB is dedicated to reducing poverty in Asia and the Pacific through inclusive economic growth, environmentally-sustainable growth, and regional integration. It is owned by 67 members, 48 of which are from the region. Its assistance totaled $31.7 billion in 2016, including $14 billion in co-financing.
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