Sawaco submits funding proposal for new water tanks hinh anh 1An old water tower no longer in use has been preserved at the headquarters of Sawaco. (Photo: 

HCM City (VNA) - The Sai Gon Water Corporation (Sawaco) has submitted a funding proposal to build underground water tanks that will replace seven unused water towers in HCM City.

Sawaco would contribute 5 percent of the funds; the Vietnam Investment JSC, 70 percent; and Nguyen Ngoc Construction-Trading Co, 25 percent.

The underground water tanks will be built at the sites of the old water towers, which have been removed.

The aim of the construction is to ensure water supply, including tap water, and water for firefighting.

The seven water towers, located in the districts of Banh Thanh, 5, 11, 6, 4, Phu Nhuan and Go Vap, were taken down last year.

One water tower located at Sawaco headquarters was preserved for historic purposes.

The eight water towers, which were built between 1965 and 1969, were leaking water and no longer usable.-VNA