The southernmost province of Ca Mau will need US$100 million for a project for development and climate change adaption in the province’s capital – Ca Mau City.
The province plans to build and upgrade infrastructure, drainage and sewage and lighting systems in the city from 2017-2019. It will also build and renovate manmade lakes and resettlement areas as well as strengthening the city’s capacity of urban management and adaptation to climate change.
Of the US$100 million for the project, US$80 million will be sourced from an Asian Development Bank loan, with the remainder sourced from the local budget.
The project is expected to drive socio-economic development and improve local living conditions.
Despite efforts in infrastructure development in recent years in the city, a lack of capital has hindered the growth of the city’s infrastructure.
Source: VOV