HCM City prepares for new financial centre

With a total cost of around VND10 trillion, the project will include an arch avenue, a central lake-side road, a Saigon River-side road and an overpass across the southern ecological garden.

To ensure progress of the project, the HCM City People’s Committee has assigned the Investment and Construction Board of the Thu Thiem new urban area to work with the Vietnam Infrastructure Development and Finance Investment Joint Stock Company (VIDFI) to complete promptly all technical designs and procedures of the project.

According to Trang Bao Son, deputy head of Thu Thiem new urban area management board, the four roads are expected to be completed in 2015, giving the start for the formation of the Thu Thiem new urban area.

The area is located in Thu Thiem peninsula, which closely connects two lands raised by the Saigon river, include An Khanh, Thu Thiem, An Loi Dong, Binh An and Binh Khanh wards of District 2, and faces the city’s existing centre by Saigon River.

It is considered a heart of the city in the 21st century with functions of a new modern urban area, financial, commercial and service centre.