(VOV) - The Mekong Delta city of Can Tho is investing more than US$90 million to upgrade its urban areas. Of that amount, $69.9 million is sourced from the World Bank and the remainder from the Vietnamese Government.
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The project aims to upgrade infrastructure in low-income residential areas, improve electricity, lighting, and drainage systems in four districts, install pipes to supply clean water, upgrade five main roads, improve lakes, and build resettlement areas, along with a number of schools, clinics, and markets.
It will be carried out in two phases, from 2012-2014 and from 2015-2017.
Once completed, the project will directly benefit 45,000 people and improve the lives of 470,000 others.
This project is part of a larger one to upgrade six cites in the Mekong Delta, namely Can Tho, My Tho, Ca Mau, Cao Lanh, Rach Gia, and Tra Vinh.
The larger project will help improve living conditions of 150,097 poor people and indirectly benefit more than 1.8 million.
On May 14, the Vietnamese Government and the World Bank signed an agreement worth over US$392 million to fund the project.
The first major project to upgrade urban areas in Vietnam was implemented in Ho Chi Minh City Nam Dinh, Haiphong, and Can Tho from 2007, benefiting more than 2.2 million people.