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HCM City seeks 3.22 billion USD for anti-flood projects

Flood-prevention projects in HCM City will require an additional expenditure of at least 72 trillion VND (3.22 billion USD) over the next five years.
HCM City seeks 3.22 billion USD for anti-flood projects ảnh 1A street in HCM City flooded by high tide. (Photo:VNA)

HCM City (VNA) – Flood-prevention projects in HCM City will require an additional expenditure of at least 72 trillion VND (3.22 billion USD) over the next five years, according to a report from the city’s Department of Planning and Investment.

The city has already received capital of 23 trillion VND (1.03 billion USD) for flood-prevention projects under construction.

The projects under construction are the Binh Hung wastewater treatment plant, the Nhieu Loc-Thi Nghr wastewater treatment plant and the Tham Luong-Ben Cat wastewater treatment plant.

For upcoming flood-prevention projects, the city needs more funds, which are expected to come from Official Development Assistance (ODA), the State budget, the State Capital Investment Corporation and the business community.

The city said it could only allocate 6.96 trillion VND (312 million USD) from its budget for upcoming flood-prevention projects.

For other funds, the city expects to receive 36.42 trillion VND (1.63 billion USD) in ODA, which will be used to dredge two canals and build four wastewater treatment plants over the period.

The 32 km-long Tham Luong-Ben Cat-Nuoc Len Canal will be rehabilitated and dredged to improve water drainage in its 14,500-hectare basin. ODA funds are also expected to be used for the third phase of the Tau Hu-Ben Nghe-Doi-Te Canal improvement project.

The four wastewater treatment plants (Tan Hoa-Lo Gom, Western Saigon, Northern Saigon 1 and Binh Tan) are also expected to receive ODA funds.

The city also hopes to raise 16.35 trillion VND (733.13 million USD) from the business community and other sources for upcoming projects. Of that amount, 10 trillion VND (448.4 million USD) would be used for construction of six sluices that would control flood tides.

The investors would receive land in return for their capital contributions in the sluice projects.

For other upcoming flood control projects, the city expects to receive funding from the State budget (2.2 trillion VND or 98.91 million USD) and the State Capital Investment Corporation (10 trillion VND).

In addition, the city is looking for additional funds for projects such as the Go Dua and Khanh Hoi reservoirs, and a project to dredge Xuyen Tam Canal.

Upgrading infrastructure
Apart from the five-year plan, the HCM City Centre of Urban Flood Prevention is also continuing to work on infrastructure plans to meet the urgent demand for water drainage.

For example, it plans to complete the installation of monitoring systems for the Nhieu Loc-Thi Nghe Canal and water drainage in the basin of Tan Hoa-Lo Gom Canal.

The city is also using new technologies for water drainage and wastewater treatment projects.

City authorities have asked the centre to dredge 18 polluted water and drainage canals in Hoc Mon and 12 districts by the end of the year. It has also required the centre to transport dirt and waste from the canals in an organised and clean manner.

HCM City has more than 5,000 km of rivers, water channels and canals.

After decades of development, the city has only been able to dredge and rehabilitate about 80km of the waterways.-VNA

VNA
#HCM City #anti-flood #project #prevention #expenditure Ho Chi Minh City
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