Nguyen Ngoc Cong, deputy director of the Steering Center for Urban Flood Control Program, told the Daily on Wednesday that the local government is calling for investors to develop the dyke project under the public-private partnership format.
The dyke is designed to be 2.5 meters above sea level. The project along with tidal sluices Tan Thuan, Ben Nghe and Phu Xuan will help reduce flooding in seven districts in the inner city.
There are two investors showing interest in the project – a domestic firm and a German company. They have suggested that they would build the dyke with their own funds and in exchange they must be entitled to use some sections as canoe and yacht berths, ports and build riverside ecological tourist sites.
Cong said that the center will work with the Singapore Business Association next week to call for investment in the project. Singaporean firms are very strong in dyke and port construction, Cong added.
Ho Long Phi, director of the HCMC Center for Water Management and Climate Change, said that the dyke project will only help deal with flooding caused by flood tides while the issue of water drainage from inside will remain.
Currently, central districts are short of nearly 4,000 kilometers of sewers, so flooding will occur after heavy rain. For instance, Dong Den Street in Tan Binh District was heavily submerged due to an overloaded drainage system a few days ago, Phi said.
It is necessary to complete anti-flooding measures against flood tides and rainwater, building up dykes, tidal sluices, improving drainage sewers in the inner city and build rainwater reservoirs. Otherwise, the anti-flooding program will not work, he added.
Cong of the Steering Center for Urban Flood Control Program said that the VND12-trillion dyke project is part of the city’s anti-flooding program approved by the Government in 2008. The total capital of the project has been revised up to VND57.8 trillion compared to the earlier estimation of VND11 trillion.
Up until now, only 31 out of 149 kilometers of dykes and one out of nine large tidal sluices of the project have been completed.