The HCM City Department of Planning and Investment has asked the city’s People’s Committee to approve a new flood-prevention project funded by Denmark.
The US$15 million project will be funded with a loan from the Danish government.
The money will be spent on improving hydrologic and rainfall forecasting and flood-control projects, and flood research and evaluation efforts, with the aim of improving the city’s natural disaster responses.
The project is expected to begin next year and run through 2022 if approved. It will be applied in HCM City and in the provinces of Đồng Nai and Long An.
The city in recent years has faced severe flooding due to rising tides, water discharge and torrential rains.
Sites with heavy flooding include Nhiêu Lộc –Thị Nghè, Kênh Đôi-Kênh Tẻ, Bến Nghé-Tàu Hũ, Tân Hòa-Lò Gốm and Tham Lương-Bến Cát, located in the districts of Bình Thạnh, Tân Phú, Tân Bình, Thủ Đức, 8 and 12.
Property damages from flooding are estimated to be around VNĐ5 trillion (US$234 million) each year.
Source: VNS