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Friday, July 19, 2024

Vinhomes to transfer riverside road to HCMC authority

The Saigon Times

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HCMC – The investor of the Vinhomes Central Park residential and office complex in Binh Thanh District has proposed handing over a road section from streets D1 to D19 along the Saigon River to the HCMC government, which will turn it into a road for public use.

Vinhomes Joint Stock Company has formally written to the HCMC People’s Committee and relevant authorities expressing their intent to hand over the section which is now used as an internal road of the Vinhomes complex.

Next to this section is a completed riverside road belonging to another project, Saigon Pearl. A dividing wall between the two sections is currently disrupting traffic on the riverside road.

Vinhomes stated that the handover of the road section to the city aligns with the investor’s commitment, in accordance with a decision made by city authorities eight years ago for the implementation of Vinhomes Central Park.

Since the project commenced in 2015, the city has tasked Vinhomes with constructing roads and landscape architectural works. The company has also been responsible for preparing completion documents, managing, and providing maintenance services for these areas until they are officially handed over to a competent agency of the city.

In accordance with land use regulations, upon the completion of internal road systems, the investors of Vinhomes Central Park and Saigon Pearl are obliged to hand over the riverside road to the city for its management.

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