Over US$300 million for urban development in Can Tho
Up to US$322 million will be poured into developing the Mekong Delta city of Can Tho and strengthening its urban adaptability under a project launched on June 3.
Of the total investment, US$250 million is sourced from the World Bank’s official development assistance (ODA) loan and US$10 billion is non-refundable aid of the Swiss Agency for Development and Cooperation.
According to Huynh Thanh Su, head of Can Tho’s ODA project management board, this is the third urban development project carried out in the city, aiming to enhance the locality’s resilience to flood risks and impacts of urbanisation.
It will also help improve urban management capacity and climate change adaptability for the city as a socio-economic centre of the Mekong Delta region, he said.
The project includes three packages, focusing on controlling floods and environmental hygiene, developing urban corridors and increasing urban management.
Source: VNA