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Can Tho to invest VND1 trillion in riverside embankment

Update: October, 06/2014 - 08:39
The aftermath of a landslide along the bank of the Can Tho River. More than VND1 trillion (US$47.2 million) in Government bonds will be spent to build an embankment along the river. — VNA/VNS Photo Tran Khanh Linh
CAN THO (VNS) — Can Tho City's Department of Planning and Investment has approved investing more than VND1 trillion (US$47.2 million) in Government bonds to build an embankment along the Can Tho River.

The embankment will stretch from Ninh Kieu wharf to Cai Rang Bridge, a distance of more than 10km. Two parks will be built on the mainland 15m away from the embankment and a two-lane road will connect the area to the city's downtown. The work is scheduled to be complete by 2016.

The municipal Land Fund Development Centre will compensate and relocate 569 affected households. Of these, 139 households have received compensation and 230 have been moved to resettlement areas in Thoi Nhut 2 and Cai Son-Hang Bang.

Previously, the city authority invested more than VND500 billion ($24 million) to build a 2km embankment from Can Tho Wharf to Khai Luong Canal. Another 2.3km embankment connecting Ninh Kieu District and Cai Rang District will also be built, in addition to a 10,400 sq.m. park and a 2.6km traffic lane. — VNS

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