Recently, the Ho Chi Minh City Department of Transport has submitted a report to the Ho Chi Minh City People's Committee on 34 key traffic projects and works in the area with a total investment of more than VND 245,000 billion such as: the project to build a route connecting Tran Quoc Hoan Street - Cong Hoa Street (Tan Binh District), the project to expand National Highway 50 (Binh Chanh District), the project to build An Phu intersection (Thu Duc City), the parallel road of Ho Chi Minh City - Long Thanh - Dau Giay Expressway (Thu Duc City), Thu Thiem 4 Bridge, Can Gio Bridge, Ho Chi Minh City - Moc Bai Expressway, upgrading and expanding National Highway 13, enhancing accessibility and organizing connections between bus routes and stations on metro line 1...
Previously, Prime Minister Pham Minh Chinh and the Government delegation along with leaders of Ho Chi Minh City and Thu Duc City also went on a field trip and listened to reports on the city's key traffic projects such as An Phu intersection, Ho Chi Minh City - Long Thanh - Dau Giay expressway parallel road, and surveyed the project to build urban railway line No. 1 (Ben Thanh - Suoi Tien route)... These projects play a role in connecting regions and gateways to the city, are very important in economic development, traffic organization, and use central resources.
 |
| Ho Chi Minh City - Long Thanh - Dau Giay Expressway Parallel Road is about to be completed and phase 1 will be handed over at the end of June 2023. |
An Phu traffic intersection (An Phu ward, Thu Duc city) has a total investment of more than 3,408 billion VND from public investment capital of the central budget and the city budget, with implementation time from 2022-2025. According to the contractor, this project is expected to be completed in December 2024.
According to the design plan, the 3-level intersection includes a two-way underpass connecting Ho Chi Minh City - Long Thanh - Dau Giay Expressway with Mai Chi Tho Street (Thu Thiem Tunnel side), extending through the Mai Chi Tho - Dong Van Cong intersection. On the ground, there will be built islands and islets, green landscapes and a symbolic tower at the central roundabout. On the high ground, there will be built 2 overpasses: a Y-shaped bridge connecting Mai Chi Tho Street ( Hanoi Highway side) and Luong Dinh Cua Street via the expressway ramp; an overpass turning right from the expressway ramp through Mai Chi Tho.
According to records, An Phu traffic intersection has been under construction since the beginning of 2023 with the simultaneous implementation of 10 bidding packages and is currently in the process of relocating more than 1,300 trees on Mai Chi Tho street to clear the ground for the project. Next to it is the parallel road of Ho Chi Minh City - Long Thanh - Dau Giay expressway which is being accelerated in construction, almost completed, and is currently constructing sidewalk and gravel items.
The project will be completed and phase 1 from Nguyen Thi Dinh Street to Do Xuan Hop Street will be handed over to the Ho Chi Minh City People's Committee in June 2023 for use by residents and the construction of An Phu intersection; the remaining phase is expected to be handed over in 2025. These two key projects, after completion, along with metro line 1, expected to be completed in September 2023, will revive the entire real estate market in the eastern part of Ho Chi Minh City.
Accelerating the construction progress of these key traffic projects along with the Thu Duc City development project until 2040 with a multi-center planning with Thao Dien - An Phu - Thu Thiem as the 3 main urban centers is helping real estate projects in An Phu area and neighboring areas benefit greatly. According to observations, projects that are being and will be re-implemented such as Global City, Senturia An Phu, Vinhomes Grand Park, The Classia, The Rivus Elie Saab... will contribute to the majority of the housing supply of Ho Chi Minh City, attracting a large number of residents and experts to invest and settle down here.
It is forecasted that 2023 will see the shift of real estate projects to satellite areas. Areas near the center have favorable conditions for development, synchronous infrastructure investment and a large amount of clean land, making it easy to create unique projects that attract buyers.
Experts say that the State Bank is doing a good job in keeping the VND stable compared to other currencies. Meanwhile, real estate is a safe, long-term investment option, so investors can look to it as a suitable channel because looking at the overall picture, the Vietnamese real estate market is in a good position compared to other channels to consider investing.
Source
Comment (0)