The project "Construction of the Western Sea Dike from Cai Doi Vam to Channel Five and coastal erosion protection embankments for vulnerable sections from Ong Doc River Mouth to Bay Hap River Mouth, Ca Mau Province" has a total budget of nearly €32 million.
It will be funded by a loan from AFD amounting to €19.17 million for the infrastructure construction component; and a non-refundable grant of €3.76 million from the European Union for technical assistance through the Water and Natural Resource Management Fund (WARM Fund).
Additionally, the counterpart funding from Ca Mau Province will contribute approximately €9 million to the project.
The project, carried out from 2024-2028, aims to develop an integrated coastal management strategy for both the Eastern and Western coasts of Ca Mau Province and an action plan to protect the coastal communes in Phu Tan and Tran Van Thoi Districts.
It also seeks to diversify livelihood activities to improve community income; reduce reliance on nearshore fishing, contribute to the protection and restoration of coastal mangrove ecosystems, and safeguard and restore fishery resources.
Since 1994, AFD has funded more than 90 projects in Viet Nam with a total amount of nearly €2.1 billion across various sectors, including transportation, infrastructure, energy and agriculture./.
Source: en.baochinhphu.vn