ABSTRACT
Flood risk management projects in most developing countries have suffered from poor financing and weak political will to implement a robust, comprehensive and sustainable action plan. The challenge of a low-resource economy in most of these countries is often a militating factor against the implementation of such projects. Flooding is the most common environmental disaster associated with global warming and sea level rise. However, unlike some natural disasters, flooding can be controlled by structural and non-structural measures. With the installation of appropriate hydraulic infrastructure and behavioural change mechanisms, the devastating effects of flood disasters can be reduced to the barest minimum. These are the main goals of any flood risk management project.
Unfortunately, the cost of implementing structural and non-structural measures for flood control can be daunting, especially in the type of low-resource economy operated by most developing countries. The governments of these countries do not usually prioritize the problems of flooding, as they have existential problems that far outweigh the problems of flood disasters. Most of the flood risk management projects in developing countries are usually funded by external donors through loans, grants and capacity development.
This chapter documents the experiences of Ibadan Urban Flood Management Project (IUFMP) in the area of project financing and implementation strategies. The chapter describes the financing and implementation strategies of the project. It presents the success stories and challenges faced in the implementation.
