Vietnam, World Bank sign $560 million to support Mekong Delta urban development and climate resilience

PRESS RELEASE

Vietnam, World Bank sign $560 million to support Mekong Delta urban development and climate resilience

July 11, 2016


 Can Tho, July 11, 2016 — The World Bank and the State Bank of Vietnam today signed agreements for loans and credits worth $560 million for two projects to support urban development, climate resilience and sustainable livelihoods in the Mekong Delta.

Out of the total, $250 million will be used for the Can Tho Urban Development and Resilience Project, to reduce flood risk and improve connectivity between Can Tho city center and the new urban areas, benefiting more than 420,000 urban dwellers, and enhance the capacity of city authorities to manage disaster risk.

The remaining $310 million will be ear-marked to build climate resilience and ensure sustainable livelihoods of 1.2 million people living in nine Mekong Delta provinces affected by climate change, salinity intrusion, coastal erosion, and flooding.

“Recent extreme weather phenomena in the Mekong River Delta, including flooding, drought and salinity intrusion, are negatively affecting the lives of people in the region – both in urban and rural areas, most of whom are poor,” said Achim Fock, Acting Country Director for the World Bank in Vietnam. “We believe the projects signed today will contribute to efforts to help the region adapt to climate change in a sustainable manner.”

The Mekong Delta Integrated Climate Resilience and Sustainable Livelihoods Project supports better climate-smart planning and improved climate resilience of land and water management practices. The project will benefit farmers (especially rice) in the upper delta provinces and aquaculture farm and fisher-folk households along the coastal provinces in the region, including the Khmer ethnic minority people living in Soc Trang and Tra Vinh provinces. The project is a critical part of the World Bank’s long-term engagement in the Mekong Delta to strengthen integrated adaptive delta management by bringing together the different sectors and provinces to plan, prioritize, and implement resilient investments.

Meanwhile, the Can Tho Urban Development and Resilience Project supports the construction of surrounding embankment, tidal gates/valves and improved rainwater storage and drainage systems, as well as other non-structural measures to help the city manage urban flood risk. The project will also help increase intra-city connectivity and encourage new urban development in the less flood prone area of Cai Rang. Under the project, management systems will also be built to improve spatial planning, data and information management and public financial management.

The International Development Association (IDA), the World Bank’s fund for the poorest, finances $310 million for the Mekong Delta Integrated Climate Resilience and Sustainable Livelihoods Project, and $125 million for the Can Tho Urban Development and Resilience Project. The International Bank for Reconstruction and Development (IBRD), the World Bank’s fund for middle income countries, also provides $125 million for the Can Tho Urban Development and Resilience Project.

Can Tho Urban Development and Resilience

ABSTRACT*

The development objective of the Can Tho Urban Development and Resilience Project for Vietnam is to reduce flood risk in the urban core area, improve connectivity between the city center and the new low risk urban growth areas, and enhance the capacity of city authorities to manage disaster risk in Can Tho city. The project comprises of three components. The first component, flood risk management and environmental sanitation objective is to reduce flood related risks in the urban core of Can Tho. This component consists of a balance between structural and non-structural measures to help the city manage urban flood risk. It consists of three sub-components: (i) priority flood control investments in urban core; (ii) drainage and waste water systems; and (iii) operation of the city integrated flood risk management system and early warning system. The second component, urban corridor development objective is to increase intra-city connectivity and encourage compact, mixed-use, pedestrian, and public transport oriented urban development in the less flood prone area of Cai Rang. It consists of three sub-components: (i) road and bridge links; (ii) construction of the residential area for resettlement; and (iii) effective transport systems management and equipment. The third component, spatial planning platform and financial and social protection instruments objective is to build management systems to improve spatial planning, data and information management, post-disaster budget execution, and the responsiveness of safety nets to flood events. It consists of two sub-components: (i) risk informed spatial planning platform; and (ii) disaster responsive social assistance system.

PROJECT AT-A-GLANCE

Project ID P152851
Country Vietnam
Region East Asia and Pacific
Status Active
Approval Date (as of board presentation) March 24, 2016
Closing Date June 30, 2022
Total Project Cost** US$ 322.00  million
Commitment Amount US$ 250.00  million
Team Leader Marc S. Forni, Hoa Thi Hoang

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project’s current nature
** Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show commitment at Board approval. It does not reflect any cancellations. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.

_________

Vietnam: Building Climate Resilience and Ensuring Sustainable Livelihoods of Farmers in the Mekong Delta

June 10, 2016

WASHINGTON, June 10, 2016—The World Bank’s Board of Executive Directors today approved $310 million to help Vietnam build climate resilience and ensure sustainable livelihoods of 1.2 million people living in nine Mekong Delta provinces affected by climate change, salinity intrusion, coastal erosion, and flooding.

“Recent extreme weather in the Mekong River Delta, including drought and salinity intrusion, are negatively affecting the lives of the farmers – most of whom are poor,” said Achim Fock, Acting Country Director for the World Bank in Vietnam. “We believe this innovative project brings together an effective multi-sectoral model to help farmers adapt agriculture and aquaculture livelihoods to the impacts of climate change.”

Development of the agriculture sector, particularly in the Mekong Delta, has contributed significantly to the development of Vietnam, as well as to regional food security. The wetlands and estuaries of the Delta are important sources of biodiversity. Vietnam’s annual rice exports of $4 billion account for more than one-fifth of the global total. The Mekong Delta alone contributes half of Vietnam’s rice, 70 percent of its aquaculture products, and one-third of Vietnam’s gross domestic product (GDP). But the region has also been identified as one of the most vulnerable deltas to the impacts of climate change as well as upstream development.

The approved Mekong Delta Integrated Climate Resilience and Sustainable Livelihoods Project supports better climate-smart planning and improved climate resilience of land and water management practices. The project will benefit farmers (especially rice) in the upper delta provinces and aquaculture farm and fisher-folk households along the coastal provinces in the region, including the Khmer ethnic minority people living in Soc Trang and Tra Vinh provinces.

Working on complex landscapes such as the Mekong Delta, which faces both climate change and development threats, requires a partnership with the government,” said Anjali Acharya, Environment Sector Coordinator for the World Bank in Vietnam. “This project also exemplifies the value and benefit of close cooperation among key development partners, and can be replicable in other countries.”

The project is a critical part of the World Bank’s long-term engagement in the Mekong Delta to strengthen integrated adaptive delta management by bringing together the different sectors and provinces to plan, prioritize, and implement resilient investments. The estimated total cost for the project is $387 million. The International Development Association (IDA), the World Bank’s fund for the poorest, is financing $310 million.

________________________

Mekong Delta Integrated Climate Resilience and Sustainable Livelihoods Project

ABSTRACT*

The development objectives of the Mekong Delta Integrated Climate Resilience and Sustainable Livelihoods Project for Vietnam are to enhance tools for climate-smart planning and improve climate resilience of land and water management practices in selected provinces of the Mekong delta in Vietnam. The project comprises of five components. The first component, enhancing monitoring, analytics, and information systems provides the framework for ensuring the capacity to undertake ‘smart investments’ and cope with anticipated wide-scale environmental changes. It consists of three sub-components: (i) monitoring systems to enhance Mekong delta knowledge base; (ii) infrastructure and information systems for enhanced decisions; and (iii) mainstreaming climate resilience into planning processes. The second component, managing floods in the upper delta objective is to protect and or reclaim the benefits of controlled flooding (flood retention) measures while increasing rural incomes and protecting high-value assets in An Giang, Kien Giang, and Dong Thap provinces. The third component, adapting to salinity transitions in the delta estuary aims to address the challenges related to salinity intrusion, coastal erosion, sustainable aquaculture, and improved livelihoods for communities living in the coastal areas of Ben Tre, Tra Vinh, and Soc Trang provinces. The fourth component, protecting coastal areas in the Delta Peninsula aims to address the challenges related to coastal erosion, groundwater management, sustainable aquaculture, and improved livelihoods for communities living in the coastal areas of Ca Mau, Bac Lieu, and Kien Giang provinces. The fifth component, project management and implementation supports project management and capacity building for ministry of agriculture and rural development (MARD), ministry of natural resources and environment (MONRE), and the ministry of p Read Less»

PROJECT AT-A-GLANCE

Project ID P153544
Country Vietnam
Region East Asia and Pacific
Status Active
Approval Date (as of board presentation) June 10, 2016
Closing Date December 31, 2022
Total Project Cost** US$ 387.00  million
Commitment Amount US$ 310.00  million
Team Leader Anjali Acharya, Greg J. Browder, Binh Thang Cao

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project’s current nature
** Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show commitment at Board approval. It does not reflect any cancellations. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.

 

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