Ca Mau needs US$100 mln for development
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.
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.
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.
