Ho Chi Minh city need 10,000 billion dongs for flood prevention

Laws- 4^th session of Steering Committee Meeting of project on flood prevention for Ho Chi Minh City which was chaired by Mr. Dao Xuan Hoc, Deputy Minister of Agriculture and Rural Development   took place on 18 November 2009 in Ho Chi Minh City.

T his session was to evaluate situation on implementation of work under decision No. 1547/QD-TTg on 28 October 008 of the Prime Minister; review contents proposed to implement in the 3^rd session of Steering Committee meeting on 18 August 2009; and propose solutions to accelerate progress of project implementation to ensure that the 1^st stage can be completed in 2012.

Speaking at the session, representatives from project investors affirmed that capital is a decisive factor to speed up project progress, therefore, Ministry of Agriculture and Rural Development and relevant agencies need to balance and allocate additional fund to project to implement it as scheduled.

Regarding this matter, Mr. Dao Xuan Hoc, Deputy Minister of Agriculture and Rural Development said, apart from state budget fund, functional agencies and project investors can propose and establish other funding mechanism to speed up project progress.

It was expected that investment capital in 1^st stage of the project was more than 10.000 billion dongs for construction of 12 tide prevention culvert including Muong Chuoi, Thu Bo, Kinh Lo, tide control culvert Nhieu Loc- Thi Nghe, Kinh river tide prevention culvert…

Sai Gon river dyke system and 9 main axes of drainage in Ho Chi Minh City and Long An, in which Management Unit of Irrigation investment and construction No.9 (Unit No. 9), Ministry of Agriculture and Rural Development is the project investor of 03 large culverts./.