TheWB provides up to 65 percent of the project’s investment or 390 millionUSD in official development assistance while the remaining 35 percentwill come from the government.
The project will upgrade theinfrastructure in the six Mekong delta cities of Can Tho, My Tho, CaMau, Tra Vinh, Cao Lanh and Rach Gia, including their water supply andsewage systems, street lights and sanitary projects.
Part of theproject’s investment will be used to build resettlement areas for canalbank dwellers or people who live in slums or dangerous areas.
Withinthe project, more than 12,000 households will have access to loans thatrange between 20 and 30 million VND per household to upgrade theirhouses. Activities will be held to improve the housing and landmanagement as well as urban planning capacity for the local authorities.
Theproject is part of the National Urban Upgrading Strategy until 2020which aims to improve the living conditions of the local residents.
Around142,000 people will enjoy direct benefits from the scheme while thenumber of indirect beneficiaries is forecast to be 1.39 million.
Theproject will earmark 112.7 million USD for the building of a watersupply system in the centre of Can Tho city and installation ofsupporting equipment to improve the city’s management of water drainagesystem.
The Ministry of Construction has started a programme onupgrading urban areas since 2007. So far, 2.2 million people in Ho ChiMinh City , Nam Dinh, Hai Phong and Can Tho has enjoyed benefitsfrom the programme./.