HCM City wants to borrow $1.5 billion for transportation and flood prevention To have enough capital to invest in traffic works and to prevent flooding in the next three years, Ho Chi Minh City has proposed borrowing $1.5 billion of soft loans from the World Bank (WB).   The city government has sent the list of projects proposed for WB funding in 2015-2018 to the Ministry of Planning and Investment. The projects are listed in order of priority, including: •    The green transportation development project, with a projected cost of $155.85 million, of which $142.25 million is to be funded with loans. •    Sanitation project phase 2 (Nhieu Loc-Thi Nghe basin), with a total capital expenditure of $524 million, $450 million of which is to be from loans. •    The flood risk management project ($763 million). •    The Ben Nghe tidal management project ($12 million). Also planned are the Phu Xuan tide control project with estimated investment of $29 million, the Saigon River dike project worth $68 million, and the Tan Hoa-Lo Gom drainage system upgrade project, with an estimated price tag of $125 million. Related to the amount of capital for infrastructure and urban development, the HCM City government recently said that it needs up to $470 <billion | million?> for the social-economic development plan from 2020 to 2025, including $140 <billion | million?>for 2016-2020, while the budget can provide only 10 percent. Na Son, VietNamNet Bridge