New Danube New Danube The New Danube (German Neue Donau) is a side channel built in 1972–88 on the eastern side of the Danube in Vienna, Austria. It was created to provide flood relief by containing excess water. The Donauinsel (Danube Island), made out of the removed material, separates the new waterway from the main channel of the river. The project was referred to by the United Nations Human Settlements Programme (UN-HABITAT) as "the first truly multipurpose fully sustainable flood protection scheme." The New Danube flows parallel to the river for approximately through the Vienna metropolitan area. It diverges from the main
Commissions of the Danube River times, Two Light Vessels at the Mouths of the Danube." What resulted was the establishment of the CED as "an international financial agent with considerable independence . . . the novel prerogative was that it could go into the money market and contract loans." In 1866, the commission found itself in financial trouble because of the just-ended Austro-Prussian War. But it secured money by issuing bonds, offering the river tolls as security. "To be sure, the rate of 10 per cent was high, but the significant fact is that the joint agent of the nations was developing a real identity