A proposal sent by the Urban Infrastructure Construction Investment Projects Management Unit to the HCMC People's Committee has three main components in the project.
The first, costing $200 million, aims to protect the Go Dua core area in Thu Duc from flooding.
This entails the renovation and construction of embankments, sewers, pumping stations, and water drainage and collection systems.
A warning system will also be established and integrated with the city's technological platforms for management and operation.
The second component will focus on the improvement of drainage systems and wastewater treatment in the Go Dua core area, and cost $150 million.
A lot of new infrastructure works will be undertaken, including drainage and wastewater collection systems, and integrated with existing systems.
It will also include the construction of a wastewater treatment plant with a capacity at 130,000 m3 a day.
The third component, costing $80 million, includes support activities like land clearance, management and taxation.
The infrastructure management agency has proposed obtaining a loan of $350 million from the World Bank for the first and second components, and meeting the remaining expenses using counterpart funds.
It envisages carrying out the project in 2026-30.
Once completed, it is expected to reduce flooding risks in the core areas of Thu Duc City.
It will directly benefit around 360,000 people living in Go Dua and 1.5 million people living in Thu Duc.
The 211-km2 Thu Duc City, formed in 2021 by amalgamating districts 2, 9 and the old Thu Duc, has a population of over a million.