The project began construction in June 2016, with Trungnam Group the lead investor under a build-transfer contract. The project aims to control flooding over a 750 square kilometer area with around 6.5 million people in downtown HCMC and by the Saigon River.
While the project was expected to be completed within three years, construction was briefly stopped in April 2018 due to a lack of capital, and then delayed again starting November 2020 due to the HCMC People's Committee having yet to extend the project's completion deadline while the contract had already expired in June 2020.
The project entails six tidal sluices, with the biggest located on the Muong Chuoi River of Nha Be District. The sluice spans 200 meters, has four tidal valves and is now 96 percent complete.