Business

Can Tho to invest in riverside embankment

Can Tho city's Department of Planning and Investment has approved investing more than 1 trillion VND (47.2 million USD) in Government bonds to build an embankment along the Can Tho River.
Can Tho city's Department of Planning and Investment has approvedinvesting more than 1 trillion VND (47.2 million USD) in Governmentbonds 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.

Twoparks will be built on the mainland 15m away from the embankment and atwo-lane road will connect the area to the city's downtown. The work isscheduled to be complete by 2016.

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

Previously,the city authority invested more than 500 billion VND (24 million USD)to build a 2km embankment from Can Tho Wharf to Khai Luong Canal.

Another2.3km embankment connecting Ninh Kieu district and Cai Rang districtwill also be built, in addition to a 10,400 sq.m. park and a 2.6kmtraffic lane.-VNA
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