Ho Chi Minh City authorities are seeking funding approval from the Prime Minister for 36 flood-prevention projects worth a total of 9.96 trillion VND (438 million USD).
Nguyen Huu Canh Street in HCM City’s Binh Thanh District was seriously flooded in torrential rain last year (Source: VNA)
HCM City (VNA) – Ho Chi Minh Cityauthorities are seeking funding approval from the Prime Minister for 36flood-prevention projects worth a total of 9.96 trillion VND (438 million USD).
The investment wouldbe sourced from the State Capital Investment Corporation (SCIC), accordingto the city.
Le Van Khoa, ViceChairman of the municipal People’s Committee, said the city was alreadycarrying out a number of flood-prevention projects valued at 73 trillion VND(3.2 billion USD), which have been approved by the Prime Minister.
The investmentwas sourced from the city budget, SCIC, the central budget, officialdevelopment assistance (ODA), and public-private partnerships (PPP), amongothers.
Under a programmeto tackle floods by 2020, the city said it would revamp drainage systemsto deal with floods caused by heavy rains on 8 of 17 flood-prone streets and 60of 179 alleys.
The city alsoplans to complete a tidal flood-control project for a 550-square-kilometrebasin in an aim to curb flooding on nine roads.
The roads includeLuong Dinh Cua, Huynh Tan Phat, Nguyen Van Huong, Hanoi Highway, NationalHighway 50, Le Van Luong, Tran Xuan Soan, Provincial Road 10, and Road 26.
In the 2019-2020period, the city will upgrade drainage systems to control flooding on fiveadditional streets and the remaining 119 alleys, and will build three morewastewater treatment plants.
The city said itwould strictly punish anyone illegally reclaiming land along rivers, canals,and public water reservoirs.
The city willneed 97.3 trillion VND to tackle flooding by 2020, according to the HCM CitySteering Centre of Urban Flood Control Programme and the city’s Department ofPlanning and Investment.
The citygovernment will also apply incentives to mobilise capital from society,financial institutions and investors at home and abroad, and will create a landfund to attract investors.
To raise fundsfor the flood-control projects, it will auction off State-owned premises andfactories that have been improperly or wastefully used.-VNA
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Nguyen Huu Canh Street in HCM City’s Binh Thanh District was seriously flooded in torrential rain last year (Source: VNA) 
