HCM City seeks ODA capital for anti-flooding work
The Ho Chi Minh City People’s Committee has registered to borrow
official development assistance (ODA) capital from the World Bank (WB)
to implement a project on reducing urban flooding in the period of
2015-2020.
The Ho Chi Minh City People’s Committee has registered to borrow
official development assistance (ODA) capital from the World Bank (WB)
to implement a project on reducing urban flooding in the period of
2015-2020.
According to the Sai gon Giai phong newspaper, the municipal People’s Committee is seeking a 763 million USD loan from the bank to dredge the Tham Luong-Ben Cat-Nuoc Len canal and upgrade drainage systems in the city’s flood-prone Tan Binh and Go Vap districts.
Residents in the city have recently suffered from serious flood tide, which reached record high levels at the end of last year as a consequence of rising sea level and climate change. The situation has affected local community’s health and daily activities as well as production and business.-VNA
According to the Sai gon Giai phong newspaper, the municipal People’s Committee is seeking a 763 million USD loan from the bank to dredge the Tham Luong-Ben Cat-Nuoc Len canal and upgrade drainage systems in the city’s flood-prone Tan Binh and Go Vap districts.
Residents in the city have recently suffered from serious flood tide, which reached record high levels at the end of last year as a consequence of rising sea level and climate change. The situation has affected local community’s health and daily activities as well as production and business.-VNA
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