Vietnam will get a $1.1bn (£542m) loan from the Asian Development
Bank (ADB) to build a highway linking its capital Hanoi with mainland
China.Once the highway is completed in 2012, drivers will be
able to make the trip in less than one day, reducing the time from two
or even three days.The ADB said the project would help stimulate the economy in Vietnam's poor north-west region.
The poverty-fighting body added the loan was the biggest in its history.Vietnam's economy has been rapidly expanding over the past decade as the communist government has supported free market policies, but development has tended to cluster around the country's urban centres and port cities.
The ADB said that the reduced travel time would increase employment opportunities in Vietnam's north-west region, where communities have not been able to join in the country's new prosperity.
"Vietnam needs modern highways to help remove the country's transportation bottlenecks, accelerate economic growth and ultimately expand economic opportunity for Vietnamese families," said John Cooney, a director of the ADB.
Cross-border benefits :
The 244km (151 mile) highway will stretch from Hanoi to Lao Cai, on Vietnam's border with China's Yunnan province.
It will operate as a toll road, with analysts predicting
that it will generate sufficient revenue to recover the entire loan
within its first 10 years of operation.Bank officials say it will increase Vietnam's ability to export agricultural and maritime products to China.At the same time, Chinese exporters will benefit from a
faster route to global markets as Vietnam's Hai Phong and Cai Lan ports
are significantly closer to Kunming, the capital of Yunnan, than the
Chinese port that they currently use.
........... Looks like a road to success ....
courtesy : BBC worldwide
Interested in saving tax? Try
adopting a wild animal.
Faced with an acute financial crunch, the Nandankanan
Zoo authorities in Orissa have come up with a unique scheme to raise money
from animal lovers and reward donors with tax benefits.Under this scheme,
one can actually own the rare animal species kept in the zoo — each one
of them, from the small and the large to the gentle and the fierce.
The zoo says it will allow visitors to adopt any of its 12,000 animals and birds by paying an annual sum of money.A small bird, for instance, can be adopted for as less as Rs 500 per annum. But if you do not want to settle for anything less than the tiger, then you have to pay as much as Rs. 1 lakh per annum. But no one is complaining.Once you adopt an animal, you get a special entry pass — your key to check on your pets. Your suggestions for improving the living conditions of a particular animal will be heeded to and your name will appear on the cage. The big bonus: you get tax exemption on the money you spend on the adopted animal.
An unique way ...... seems to be a good initiative .....
I always used to wonder how does a woman change so drastically from she's a mom to when she becomes a mother - in - law ....... this is beyond my comprehension ...... but the below mentioned short item, passage, joke or a paragraph seems to sum it up in all ......
An young excitedly tells his mother
he's fallen in love and that
he is going to get married. He says,"Just for fun, Ma, I'm going to bring over 3 women and you try and guess which one I'm going to marry." The
mother agrees. The next day, he brings three beautiful women into the house
and sits them down on the couch and they chat for a while. He then says,
"Okay Ma, guess which one I'm going to marry."She immediately replies, "The one on the right."
"That's amazing, Ma. You're right. How did you know?"
The mother replies, "I don't like her."
Do you agree now !!!
I like the presentation of colours in this photo. read more
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