WB-funded urban development, climate resilience project to be conducted in Vinh Long
The World Bank (WB)-funded Urban Development and Enhanced Climate Resilience Project will be implemented to improve access to infrastructure and connectivity and to reduce flood risk in the urban core of Vinh Long City in the Mekong Delta province of Vinh Long.
The WB-funded Vinh Long City Urban Development and Enhanced Climate Resilience Project is launched on June 7. (Photo: VNA)
Vinh Long (VNA) – The World Bank (WB)-funded UrbanDevelopment and Enhanced Climate Resilience Project will be implemented to improveaccess to infrastructure and connectivity and to reduce flood risk in the urban coreof Vinh Long City in the Mekong Delta province of Vinh Long.
Addressing the project’s launching ceremony on June 7, HoangThi Hoa, Senior Urban Specialist at WB Vietnam Office, said Vinh Long City,strategically located along the economic corridor that connects Ho Chi MinhCity to the Mekong Delta, has great potential to become a regional hub foragribusiness, trade, and tourism.
However, flooding and poor environmental sanitation aremajor impediments holding back the city’s development, she said, adding that locatedat a low elevation on the Tien River plain, about 60 percent of the city isprone to flooding.
The Vinh Long project will help remove physical constraints to development in theurban core area through the development of flood control systems, drainage,wastewater collection and treatment, and investment in key urban roads.
Strengthening urban infrastructure is key to Vinh Long’sability to unlock its potential, safeguard its gains and withstand multipleshocks from climate change, Hoa said.
It has a total investment of 202.2 million USD, including126.9 million USD worth of credit provided by WB and 19.5 million USD as non-refundable grant from the Dutch Government.
Nearly half of the project’s funding will be used to developflood risk mitigation measures, including embankments and tidal sluice gates,rehabilitation and upgrades of the canal and drainage system, and investmentsin green infrastructure.
The project will also support the building of threestrategic roads that will improve the inter-city connectivity and furtherenhance the city’s flood protection capacity.
Chairman of the provincial People’s Committee Lu Quang Ngoisaid the project will contribute to boosting the province’s development in thecoming time and transforming Vinh Long City into a second-class city./.
The Asian Development Bank (ADB) has approved a 60 million USD financing package to improve the climate resilience of transport and water supply infrastructure in Vietnam’s south-central coastal provinces of Binh Dinh and Quang Nam, especially in remote upland districts with large ethnic minority communities.
Deputy Minister of Finance Tran Xuan Ha and Dutch Ambassador to Vietnam Elsbeth Akkerman have signed an agreement for Development Related Investment Infrastructure Vehicle (DRIVE) funded by the Netherlands Invest International, to support the Vinh Long Climate Resilience Project, the Vietnam Government Portal (VGP) reported.
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As part of its drive to fulfil its net zero emissions commitment by 2050, Vietnam is fast-tracking the development of a legal corridor to launch a pilot carbon market by the end of 2025, according to the Department of Climate Change.
Under the plan, from 2025 to 2026, the city will complete mechanisms and policies to support businesses in switching to green vehicles, expand the electric and green-energy bus network, and build charging stations. The targeted proportion of green buses is set at 10% in 2025 and 20–23% in 2026.
Storm Comay, the fourth in the East Sea this year, was at around 16.7 degrees North and 118.3 degrees East, in the east of the East Sea's northern waters as of 4am on July 24.
The disaster risk warning level for flash floods, landslides, and ground subsidence due to heavy rains and flows is rated at level 1, except in Nghe An, where it is raised to level 2.
The WB-funded Vinh Long City Urban Development and Enhanced Climate Resilience Project is launched on June 7. (Photo: VNA)
