The projects will help manage the flow of the river Lud and River Bain at high tides in Louth and Horncastle.
Both schemes are being completed by VBA, a joint venture (JV) comprising of VolkerStevin, Boskalis Westminster and Atkins.
The JV forms part of the Environment Agency's Water and Environment Management (WEM) Framework.
The £6.5m Louth scheme will see two storage areas developed outside the town.
The first will be located off the A157 and the second off Halfpenny Lane, both adjacent to the A16. The embankment of the north storage area will measure 150m and 200m for the south.
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Once built, these storage areas will reduce the risk of flooding, from the river Lud, to 355 local properties.
The £8.1m Horncastle scheme involves developing a new 800m long temporary flood storage area, which will hold up to 1,300,000m3 of flood water.
It is currently being developed off the B1225, north of Hemingby.
The scheme will help protect over 170 properties in Horncastle along with properties in Haltham and Kirkby-on-Bain from potential flooding of the river Bain.
Both the projects are funded by a partnership of Lincolnshire County Council, the Environment Agency, East Lindsey District Council, and the Lindsey Marsh and Witham Third Internal Drainage Boards.
Steven Hammer, VBA Senior Project Manager, said: "It's exciting to be involved in such important schemes which will benefit the residents of both Louth and Horncastle for years to come.
"As part of the schemes we will be installing ground breaking flow control structures, which have never been installed in the UK before and is something the VBA team is especially proud to pioneer."
(LM/MH)
