The People’s Committee of HCM City has granted an investment licence to the Trungnam Group to implement the first phase of a flood-prevention project worth VND10 trillion (US$446.42 million).
|The People’s Committee of HCM City has granted an investment licence to the Trungnam Group to implement the first phase of a flood-prevention project worth VND10 trillion (US$446.42 million).(Photo: vtv.vn)|
mplementation of the project, under the Build-Transfer (BT) investment mode, will take three years.
The project aims to control flooding caused by high tides as well as adapt to climate change through sustainable management of water in an urban area of 570 sq kilometres in districts 1, 4, 7, 8, Bình Chánh and Nhà Bè with a total population of 6.5 million.
The project will build six flood tide control gates with a width of 40-160 metres and height of 3.6-10 metres.
A 7.8-km embankment along the Sài Gòn River will also be built, along with 25 drains and a central management building equipped with a supervisory control and data acquisition (SCADA) system.
The Trungnam Group will receive land lots as payment under the BT contract, including a 5,500-squ.m land lot in Sài Gòn South in District 7’s Tân Phú Ward, and 4.2 hectares and 31,400-sq.m land lots in District 9.
The city also will spend an estimated VND 11.61 trillion (US$518.3 million) for 84 projects in an attempt to reduce floods over the next five years.
In 2011, the city had 58 sites heavily flooded by both tides and rainwater, 47 of which were cleared.
However, the city now has around 27 flooded sites. They include 11 old sites, two new locations and 14 sites that have seen a resurgence of flooding.