HCMC – The HCMC Department of Transport has decided to develop a fourth bridge spanning the Saigon River and leading to Thu Thiem Peninsula under the build-operate-transfer (BOT) format. The project will be carried out in the 2024-2028 period.
The Transportation Works Construction Investment Project Management Authority and relevant agencies have been required to complete the investment plan for the Thu Thiem 4 Bridge project.
The Department of Natural Resources and Environment and relevant units have been assigned to provide information and legal documents related to the land planning and relocation plan of the ports on the Saigon River to speed up site clearance.
With an estimated cost of roughly VND5.3 trillion, Thu Thiem 4 will connect the Thu Thiem new urban area, District 7 and Thu Duc City.
The bridge is designed to ease traffic congestion between the city center and its southern districts as well as accelerate the growth of the new urban areas.
Thu Thiem 4 will be nearly 2.2 kilometers long and 28 meters wide, with six lanes and two pedestrian sidewalks.
It is expected to be in service for up to 100 years with a design speed of 60 kilometers per hour and the capacity to withstand 7-magnitude earthquakes.
At first, the city planned to call for investment under the build-transfer model. After the central Government removed this model from the PPP Law, the investment plan needed to be changed, causing delays to the project’s implementation.