CII will invest in the dredging project, digging lakes and new canals in Thu Thiem new urban area instead of Thu Thiem Project Management.
On December 27th, the People’s Committee of Ho Chi Minh City accepted the proposal of the Investment Management Board of Thu Thiem New Urban Area, handed over to Ho Chi Minh City Infrastructure Investment Company – CII Company as the investor of the project of dredging canals, digging central lakes and new canals in Thu Thiem New Urban Area from Thu Thiem Project Management Unit.
The works that CII will invest in are the 5, 9, 12 and N4 bridges, dredging works, digging central lakes and new canals into the project to build the technical infrastructure of the zone Northern residents in Functional Area 3, 4.
CII also invested in completing the north-south backbone, from the foot of Thu Thiem 1 to Mai Chi Tho in Thu Thiem New Urban Area under BT contract.
CII will be responsible for finalizing the feasibility study report for the project of constructing the technical infrastructure of the residential area in the north and completing the North-South backbone in Thu Thiem New Urban Area in the form of public partners.
Thu Thiem New Urban Area is located on the East bank of the Saigon River facing District 1, with a total area of 657ha. To invest in building Thu Thiem new urban area, Ho Chi Minh City has cleared nearly all of Thu Thiem peninsula. About 12,500 households have relocated to make room for this super project. Ho Chi Minh City also mobilized nearly VND30,000 billion to pay compensation, resettlement …
Thu Thiem new urban area is planned to be a new, modern and expanding center of Ho Chi Minh City with the main functions of financial, commercial and service center, cultural center and rest. , entertainment…
According to the 1/2000 master plan, the center of Thu Thiem New Urban Area is located in An Khanh, Thu Thiem, An Loi Dong and a part of Binh An and Binh Khanh wards.
The central area is divided into five main areas, including the Central Core, the Northern Residential Area, the Residential Area along Mai Chi Tho Boulevard, the Eastern Residential Area, and the Southern Delta.
Functional Area 1 is located in the northern half of the Central Core, which is a high density multi-functional commercial center. The tallest towers are located along the edge of the Boulevard and Central Square, gradually reducing the height towards the Saigon River and the Central Lake.
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Important works in Functional Area 1 are the Exhibition Center with Pedestrian Bridge via the No. 1 connected to the Museum, the Symphony Hall, and the Planning Information Center.
Functional Area 2 is located to the south of the Central Core, is a high-density complex with commercial functions, multi-purpose residential and recreational sports.
In addition, Thu Thiem New Urban Area will also form a walking square. This area will connect to the pedestrian Nguyen Hue by Saigon Riverwalk bridge.
In December 27, the People’s Committee of Ho Chi Minh City also assigned the Management Board of Export Processing and Industrial Parks as a focal point to support Le Minh Xuan 2 Industrial Park Investment Joint Stock Company to complete the investment procedures to soon bring Le Minh Xuan 2 industrial zone has been put into operation, attracting foreign investment and implementing signed cooperation agreements.
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