Contracts on renovating waterways in the Mekong Delta’s many canals were signed in Ho Chi Minh City on July 6 to implement a 312.02 million USD project partially funded by the World Bank.

Contractors included the Uniconsult Company from Germany which had won a deal worth 40 billion VND (roughly 1.96 million USD) to help the internal waterway department upgrade regulations. Meanwhile, the Halla Engineering & Construction Corp of the Republic of Korea and the joint venture between Khanh Giang and Dredging International Asia Pacific from Singapore signed separate contracts for dredging and upgrading 110 km of canals at a total cost of 374 billion VND.

Nguyen Ngoc Thach, General Director of the Project Management Unit of Southern Internal Waterways (PMU-SIW), which has been entrusted as the project executive, said the World Bank has loaned 232.66 million USD of the funding. The Australian Government has committed to a 25 million USD grant and the Vietnamese Government is to contribute 76.36 million USD.

He said the three freshly signed contracts are just part of the project, which needs a total of 30 contracts, including the renovation of the Cho Gao canal at a cost of some 10 trillion VND./.