HCMC – The HCMC People’s Committee has proposed investing over VND9.6 trillion in the Xuyen Tam Canal upgrade project at a meeting this morning, December 7, according to the local media.
The project will be carried out on the 6.6-kilometer section of the canal, from Nhieu Loc-Thi Nghe Canal to the Vam Thuat River and its three tributaries (Cau Son, Binh Loi, and Binh Trieu) with a length of 2.2 kilometers.
Some components of the project include canal dredging, setting up wastewater collection systems and building embankments and roads along the canal. Additionally, the green areas, parks and other infrastructure will be developed with a total area of around 11 hectares.
The project will be carried out in the 2023-2028 period, with an estimated investment of over VND9.6 trillion from the city’s budget, including VND2.4 trillion for construction, VND6.5 trillion for site clearance and the rest for management expenses.
The first phase, from 2021 to 2025, will require VND6.6 trillion, focusing on site clearance and compensation for the affected households, as well as investment planning, project design and work on part of the project in Go Vap District.
In the second phase, from 2026 to 2030, the city will allocate over VND3 trillion to complete the project in the districts of Binh Thanh and Go Vap.
Go Vap and Binh Thanh districts will be required to hand over the clear land for construction before August 2024 and April 2025, respectively.