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Ho Chi Minh City must assess the capacity of investors, the ability to mobilize capital to implement investment projects to build a technical infrastructure of the Northern Residential Area and complete the North-South direct route in the new urban area Thu Thiem is owned by CII.

On March 3, Office of the People’s Committee of Ho Chi Minh City, the Government Office has just the official document on the addition of the project and adjust the report on pre-feasibility studies of investment projects on construction of technical infrastructure and complete the north-south direct route in Thu Thiem new urban area in the form of BT contract.

This project is invested by Ho Chi Minh City Infrastructure Investment Joint Stock Company (CII).

Accordingly, the Office of the Government conveyed the opinion of Deputy Prime Minister Trinh Dinh Dung, asking the People’s Committee of Ho Chi Minh City to study and receive opinions of the Ministry of Transport, Planning, Finance and Construction. The specific direction of the socio-economic effects of the project adjustment.

At the same time, assess the investor’s capacity, ability to mobilize capital to implement the project in accordance with the law, report to the Prime Minister for consideration and decision.

At the end of 2016, HCM City People’s Committee has assigned HCMC Infrastructure Investment Joint Stock Company to assume the role of 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.

This project is allowed after the Prime Minister has approved the construction of bridges No. 5, 9, 12 and N4. Dredging works, digging central lakes and new canals into investment projects to build a technical infrastructure of the Northern residential area and complete the north-south backbone, from the foot of Thu Thiem bridge to Mai Chi Tho street in the form of BT contract.

Ho Chi Minh City Infrastructure Investment Joint Stock Company is responsible for making a 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.

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CII was established in late 2001 with three founding shareholders namely Ho Chi Minh City Investment Fund for Urban Development (HIFF), Ho Chi Minh City State Finance Investment Company, import Ho Chi Minh City Youth and Ho Chi Minh City Investment and Service Joint Stock Company.

In May 2006, CII listed 30 million shares on Hochiminh Stock Exchange.

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