Local developer Trung Nam Group will be responsible for the project's construction, which is expected to reach completion in three years, reports Thanh Nien. The city's latest anti-flooding effort will include six floodgates as well as a 7.8-kilometer embankment along the Saigon River, all of which is aimed at alleviating floodwaters in Districts 1, 4, 7 and 8 as well as Nha Be and Binh Chanh Districts.
If all goes to plan, the project will improve flooding over an area of 570 square kilometers. As part of the agreement, Trung Nam Group will complete the project on its own dime in exchange for land rights elsewhere in the city.
Beyond floodgates and embankments, the project also includes three pumping stations with the capacity to pump 12-48 cubic meters of water per second.
Over the next five years, city officials plan to earmark VND156 trillion (US$7 billion) for anti-flooding projects.
[Photo via Thanh Nien]
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