The World Bank
Local Road Asset Management Program
Project Data Last Updated: 26/06/2020
IATI Identifier: 44000-P155086
The development objective of the Results-Based Operation for Local Bridge Construction and Road Asset Management Project for Vietnam is to improve the road and bridge connectivity for the rural communities of the participating provinces in Vietnam. The operation has two complementary elements - a program using the program-for-results (PforR) instrument, supported by a United States (U.S.) 380.5 million dollars International Development Association (IDA) credit, and technical assistance using the investment project financing (IPF) instrument, supported by a U.S. 4.5 million dollars IDA credit. The PforR program will target improved spending efficiency in the selected provinces through the adoption of sustainable shifts in maintenance policy and budget allocation mechanisms, rather than funding the entire maintenance backlog. The program is designed to incentivize prioritization of road maintenance activities, including both routine and periodic maintenance, as these provide the highest return on funding. The program to be supported by this operation is a results-based approach to operationalize the planned activities in the following two results areas: result area 1, improvement of local accessibility and associated service delivery; and result area 2, improvement of local bridge connectivity to isolated communes.
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Sectors groups as a percentage of country budgets according to the Development Assistance Committee's classifications.
A comparison of forecast spend and the total amount of money spent on the project to date.