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Binh Quoi-Thanh Da urban development project to be put out to tender
The Saigon Times Daily
Thursday,  Jul 12, 2018,16:01 (GMT+7)

Binh Quoi-Thanh Da urban development project to be put out to tender

The Saigon Times Daily

A view of Thanh Da peninsula in HCMC. After 26 years of planning, delays and seeing investors sign up but later drop out, the Thanh Da Peninsula development project has had to return to the starting line - PHOTO: MINH KHUE

HCMC - The HCMC government has assigned the city’s Department of Planning and Investment to prepare a plan to hold a public tender to select a good investor for developing the long-stalled Binh Quoi-Thanh Da ecological urban area project.

After 26 years of planning, delays and seeing investors sign up but later drop out, the project on Thanh Da Peninsula, a prime location of HCMC, has had to return to the starting line. This has left thousands of households living in the area uncertain of their future.

The Binh Quoi-Thanh Da ecological urban area project won the HCMC government's approval in 1992. It was assigned to Saigon Construction Corporation in 2004, but the firm failed to execute it. The city government then decided on a project recall in 2010.

Following this, another domestic firm was tasked with adjusting the 1:2000 scale plan of the project, which covers some 427 hectares of land, or almost the entire area of Ward 28 in Binh Thanh District.

A joint venture comprising Bitexco and Emaar Properties PJSC, a property developer from Dubai, was chosen in late 2015 to develop the project, with a total investment of over VND30 trillion.

However, the foreign partner withdrew after a long wait for the land site to be transferred. As the project has been suspended for a long time, the site is now like an oasis, albeit just five kilometers from the city center.

Its roads are in poor condition, narrow and flooded. Houses at the farther end of the area have a countryside appearance. There are currently some 2,000 houses, 3,000 households and 13,000 people living on Thanh Da Peninsula.

Besides having the planning-investment department prepare for the tender, the HCMC government has also asked the Department of Construction to propose a plan to license temporary repairs of deteriorating homes on the peninsula and send it to the planning-investment department to present to the city government this month.

This is good news for local residents, though there still remains strong concern over whether the project will see further delays.

Lao Dong newspaper quoted Nguyen Van Hanh, a resident living on Binh Quoi Street, Ward 28, as saying that the locals have waited too long and suffered a lot. Over the past few years, houses have deteriorated, roads have been in bad condition and the locals have not been able to do anything with their houses.

According to Hanh, despite being near the city center, the living conditions in the area are worse than in the countryside.

Sharing the wishes of local residents, Hanh said that they wanted reasonable land compensation or on-site resettlement to settle down. If that is not possible, they want to be freed from suspended plans so that they can decide what to do with their land.

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