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Vientiane to work on flood, drought risk management
Publication Date : 04-12-2013
The Ministry of Agriculture and Forestry's Irrigation Department has hired a Korean consultancy company, Dongho Company Limited, to provide them with consultation services on flood and drought risk management and mitigation.
A total of US$36.5 million will be spent on the Greater Mekong Sub-region Flood and Drought Risk Management and Mitigation Project, through a loan of US$24 million and a grant of US$12.5 million from the Asian Development Bank (ADB).
The Lao government has contributed about US$590,000 towards the project, which is to be implemented in Vientiane.
The project will seek to expand the information and knowledge base for the management of floods and droughts, upgrade water management infrastructure and enhance the capacity of community-based flood and drought management.
The department's director general, Maykong Phonephommavong, signed the agreement with a representative from Dongho Company Limited in Vientiane last Friday.
Deputy Minister of Agriculture and Forestry, Khamphath Soulinphoumy, the Deputy Mayor of Vientiane, Anouphab Tounalom, a senior ADB representative and other ministry officials witnessed the signing.
Maykong said the main purpose of the project was to decrease the risk of flooding and drought in various districts in the southern part of Vientiane over the project's coverage area of about 20,000 ha.
“The project will also include improvements to irrigation systems, embankment construction, infrastructure development and other key improvement activities,” he said.
He hoped that through their consultancy services the Korean company would help with the implementation of the project and produce more effective outcomes for the future.
“The company has an excellent profile and is well-equipped with qualified and skilled technical experts to work with us on the project,” Maykong said.
A representative of Dongho Company Limited said the company was pleased to be selected to work alongside the project management team.
“Our company will work together with the project team on providing advice on the project's implementation until 2018, so we will do our best to decrease flood and drought disasters and thereby make a major contribution to socio-economic development in Laos,” he said.
Dongho Company Limited from the Republic of Korea was one of a number of competing companies coming from 18 countries around the world who submitted their offers and support documents through International Competitive Bidding on the ADB website.
Prior to the official agreement, the company was approved by the ADB on November 11 and the Ministry of Agriculture and Forestry on November 26.