The park and "My Waterway @ Punggol" are joint agency projects between HDB and National Parks Board. The project is part of HDB's 'Remaking Our Heartland' initiatives to turn Punggol Town into a 'Waterfront Town'. The waterway is Singapore's longest man-made waterway and it runs through the park. It both serves to increase park and water frontage for the housing estates and provide a green respite for residents. Designed with four themes to cater to residents of all ages, the park also provides residents opportunities for leisure activities such as jogging and cycling which can be carried out along the promenade at both sides of the waterway.

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