A corner of Can Tho city. (Photo: VNA) The French Development Agency (AFD) will consider financing a river embankment project to help the Mekong Delta city of Can Tho cope with climate change, according to Jose Tissier, Deputy Director of the AFD’s Agriculture and Rural Development Division.
Tissier made the remark during a working session with Can Tho authorities on October 22.
Accordingly, Can Tho is one of the three Vietnamese localities favoured by the AFD to receive metropolitan development loans. The other localities are central Ha Tinh province and northern Ninh Binh province.
The three provinces are expected to get a total financing of 55 million EUR, of which Can Tho is likely to get 20 million EUR.
According to the agency’s representative, Can Tho needs to complete required procedures within this October so that they could be approved by the Government in December. The loan agreement will only be signed after the approval.
Vo Thi Hong Anh, Vice Chairwoman of the municipal People’s Committee expressed her hope that the AFD will further support the city’s constructions towards climate change adaption.
The Can Tho river embankment project, part of a dyke system for flood control in Can Tho city, has an expected length of over 5 kilometres with the highest point of the dyke reaching 3.05 metres.-VNA
