HCMC calls for investment in Thu Thiem underground trade center

Chairman of Ho Chi Minh City People’s Committee Nguyen Thanh Phong yesterday assigned the Department of Planning and Architecture to work with Thu Thiem New Urban Area management board to review the area's detailed zoning plan of the 1:500 scale and then draw up a plan to call for investment in an underground commercial center. 


A corner of Thu Thiem New Urban Area (Photo: SGGP)

A corner of Thu Thiem New Urban Area (Photo: SGGP)

According to an announcement from the committee office, the trade center will connect to the city's second metro line and nearby projects.
Concerning building the central square and park along river the Thu Thiem New Urban Area under build-transfer (BT) form, the People’s Committee asked competent agencies to assess the project.
Moreover, the competent department must submit the footbridge construction project spanning Sai Gon River connecting the Area with district 1 to call for investment.
Regarding the construction of four main paths in the new urban area, the municipal People’s Committee asked the Department of Transport to assess and submit the categories in the RI Avenue through the central square as per the regulation. The fund for construction will be under the guideline of the People’s Committee.
The city People’s Committee approved the Department of Planning and Investment to adjust the infrastructure investment plan of the residential block in the North and complete the North-South main road in the new urban area as per BT contract.
Moreover, the investment plan should include canal dredging and construction of four bridges connecting the third and fourth specific sections with other sections.
When it comes to auction of land right of the 15th lot of the third and fourth sections in the urban, the Investment and Construction Authority of Thu Thiem New Urban Area was tasked to measure and draw up 1:500 scale map in above-mentioned land lots according to approved architectural management regulations.
The Thu Thiem New Urban Area Management Board will work with the departments of Architecture, Environment and Natural Resources and the People’s Committee of District 2 and relevant agencies to set auction starting price of land lots on the basis of the 1:500 scale map.
The Department of Planning and Investment will use the district's approved land plan in 2019 for index of investment plan of the convention and exhibition, restaurant and commercial service complex in the land lot No. 1-12 and 1-20 in the new urban area to call for investment.
Moreover, it will give consultation of bidding plan to the Thu Thiem New Urban Area Management Board and the municipal People’s Committee to select proper contractors.
The Department of Justice and the Thu Thiem New Urban Area Management Board will work with investors to carry out technical infrastructure investment projects in the new urban area as per BT contract, and propose the municipal People’s Committee to issue land right certificates of projects under BT contract as per regulation.

By QUOC HUNG - Translated by ANH QUAN

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