Under the plan, the company will develop two passenger routes duringthe initial phase, and buy boats and build passenger stations.
The first route, which will have a length of 25km, will include AnLoc, An Hoa-Binh Loi, Thanh Da-SaiGon River , Te Canal-Ong LonChannel-Dia Channel, Roi Channel-Phu Xuan River .
The route will be divided into three sections, with each sectionhaving six boat terminals to receive passengers.
The second route, from Ben Nghe Canal to Tau Hu Canal, willhave a total length of 12 km and six terminals.
Director Nguyen Kim Toan said his company wanted to invest in waterwayroutes because the city had potential to develop six terminals.
Such routes would be considered a sustainable solution to ease trafficcongestion on city roads, Toan said.
However, experts said the current situation of rivers and canals,which are silted-up in several sections, and the low navigationelearance of several bridges across rivers and canals would be obstaclesto setting up routes.
Tran The Ky, the department’s deputy director, said to facilitateconditions, the city should invest in building waterway stations andconsider offering subsidies for waterway boat investors.
The current waterway routes that transport passengers and cargo tonearby provinces are overloaded.
Every year, the Doi canal and Te canal routes receive 100,000 waterwayvehicles, transporting about 13 million tonnes of cargo to the Cuu Long( Mekong ) Delta provinces.
However, the routes are filled with eight sandbars, which arethreatening safe operation of waterway vehicles, according to RiverManagement Station No 10.
Doi canal and Te canal routes have not been dredged for 20 years dueto limited budged, said Station No 10, which manages the route.
The waterway route from the city to Cho Gao Canal in TienGiang province, the only waterway linking the city with the deltaregion, is also overloaded and degraded.
The Cho Gao canal, which is 80m wide and 28.5km long, is congestedwith vessels and boats, with an estimated 1,500 of them passing throughevery day, up nearly 50 percent compared to three years ago, accordingto the River Management Station No 11, which manages inland waterways inTien Giang, Vinh Long, Ben Tre and Tra Vinh provinces.
There were 170 traffics jams on the canal last year, up from 113 in2008.
Nguyen Dinh Thi, deputy director of the River Management Station No11,s said if the canal is not immediately dredged in the sections withthe most silt build-up, traffic congestion will become worse.
The Ministry of Transport has approved a project to deepen and expandthe canal to facilitate transport on it. The project will be implementedin 2011-14./.