HANOI, Aug. 28 (Xinhua) -- The World Bank (WB) will offer Vietnam a credit of 152.4 million U.S. dollars to help it upgrade urban and environment infrastructure in central Da Nang city.

    Under a credit agreement inked in Hanoi capital Thursday by representatives of the State Bank of Vietnam and the WB, the loan will be used to improve urban areas, environmental infrastructure and major roads and bridges, institutional capacity in investment planning in the city.

    The investment project, with total investment of 218.4 million dollars, including 152.4 million dollars from the credit, and 66 million dollars from the state budget, will be carried out in 2008-2013 period.

    The project shows the WB's "solid working relationship with Da Nang, one of the fastest growing cities in Vietnam, in the middle of the country's central economic triangle", Martin Rama, the bank's acting country director for Vietnam, said at the signing ceremony.