Monday,  Feb 18, 2019,23:21 (GMT+7) 0 0
HCMC facilitates public projects in Thu Thiem New Urban Area
The Saigon Times Daily
Wednesday,  Oct 24, 2018,12:45 (GMT+7)

HCMC facilitates public projects in Thu Thiem New Urban Area

The Saigon Times Daily

A bird's eye view of Thu Thiem New Urban Area project in HCMC's District 2 - PHOTO: THANH HOA

HCMC – HCMC is seeking to step up progress on the Central Square and Riverside Park projects in Thu Thiem New Urban Area in District 2, covering 27 hectares of land and costing nearly VND2 trillion, according to the municipal government.

In addition, the municipal government has written to the Ministry of Culture, Sports and Tourism, proposing giving the Central Square and the Riverside Park projects the title “Ho Chi Minh Square”, Vietnam Plus news website reported.

The combined projects are scheduled to become a spacious public facility in the city, with multiple features, such as a square, a national flag pole, a house displaying items related to late Vietnamese President Ho Chi Minh, and a park showcasing the highlights of 63 provinces and cities across the country.

The HCMC Department of Planning and Architecture in a note stated that the public facility will be home to activities for cultural exchange, festivals and political meetings, adding that it also serves as a community platform for local residents and tourists.

The facility is located in front of an international financial and commercial center and the Core Area in the New Urban Area of Thu Thiem and has close ties in various fields with Districts 1 and 4. Besides this, it can serve a maximum of 430,000 people.

Earlier, in 2014, the municipal government appointed Dai Quang Minh Real Estate Investment JSC as the key investor for the Central Square and Riverside Park projects, under the build-transfer format.

The Prime Minister approved adding the projects to a build-transfer contract to build four major roads in the urban area, which were also executed by Dai Quang Minh.

The combined facility covers some 29 hectares of land in total. Of this, the Central Square accounts for 20 hectares, with a total investment of VND1.97 trillion, as suggested by French consultant Deso Defrain Souquet Associates.

In related news, the Thu Thiem 2 Bridge project, whose main investor is Dai Quang Minh realty firm, has fallen behind schedule due to site clearance delays, according to a report issued by the municipal Department of Transport.

The 1.5-kilometer-long bridge, which requires funding of more than VND4 trillion, will stretch from the intersection of the Le Duan and Dinh Tien Hoang streets in District 1 to the R1 road in Thu Thiem New Urban Area.

The bridge project was slated for completion this month, but due to the site clearance obstacles, the investor proposed rescheduling the completion time to April 30, 2020.

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