The ground-breaking ceremony was attended by Politburo member and Secretary of the Ho Chi Minh City Party Committee Dinh La Thang and Country Director for the World Bank (WB) in Vietnam Ousmane Dione.
The drainage system is the first component of the second phase of the project, with a value of US$85 million, and is set to be completed within 36 months.
The second phase of the project has a total investment capital of US$524 million, US$450 million of which comes from World Bank loans, with the remaining US$74 million from the city.
The project has two major components: building a drainage system to move wastewater from Nhieu Loc–Thi Nghe Canal’s basin and District 2 to a wastewater treatment factory in Thach My Loi Ward, District 2, which is the second component.
According to Director of the management board of the project Vuong Hai Long, the project aims to establish a system for collecting and treating wastewater for the Nhieu Loc–Thi Nghe Canal and District 2.
The first phase of the project, with total investment of VND 8.6 trillion (US$386 million), was completed in August, 2012, helping to reduce flooding and pollution and to improve living conditions for 1.2 million people in Districts 1, 3 and 10 and Phu Nhuan, Tan Binh, Binh Thanh and Go Vap Districts.
