CII researches and proposes to implement TOD Hang Xanh with total capital of 8.5 billion USD

(NLĐO) - The Hang Xanh TOD project has a total research area of ​​approximately 51.4 hectares, aiming to improve urban infrastructure, thoroughly resolve traffic congestion, and enhance connectivity...

Ho Chi Minh City Infrastructure Investment Joint Stock Company (CII) has just announced to its shareholders that it has been assigned by the city to research and propose urban development ideas based on the Transport for Development (TOD) model in Hang Xanh, Binh Thanh District, with a total estimated investment of VND 216,000 billion (over USD 8.5 billion).

According to Mr. Le Quoc Binh, General Director of CII, on February 8th, at the 6th session of the Advisory Council on the implementation of Resolution 98/2023 of the National Assembly , the leaders of Ho Chi Minh City assigned CII to research and propose ideas for implementing TOD (Transit-Oriented Development) in the Hang Xanh area. This area will have Metro Line 3A and Metro Line 5 along with several other public transport routes.

Preliminary rendering of the TOD Hang Xanh project (provided by CII)

Specifically, the Hang Xanh TOD project has a total research area of ​​approximately 51.4 hectares. The main objectives and development orientation of the project are urban renovation, on-site resettlement for affected residents, infrastructure upgrading, and improvement of the quality of life for residents.

TOD Hang Xanh will thoroughly address traffic congestion and enhance connectivity in key areas such as Hang Xanh, the Martyrs' Memorial intersection, and Binh Trieu bridge.

In addition, the application of green and digital transportation aims to optimize travel, minimize environmental impact; deploy self-driving vehicles to serve traffic and connect with public transportation; and create a modern, convenient living environment, helping residents feel comfortable and at ease when living in the project area.

Construct landmark buildings, high-rise apartment buildings, green spaces, and public facilities to enhance urban aesthetics and amenities.

Developing underground urban spaces and maximizing their development potential will create public transportation hubs, while simultaneously connecting public transport and developing cultural, sports, healthcare, educational , commercial, and service areas.

In recent trading sessions, CII shares on the stock exchange have risen quite strongly, with some sessions reaching the ceiling price. On February 10th, CII closed at 14,550 VND/share - a slight increase of 100 VND.

Source: https://nld.com.vn/cii-nghien-cuu-de-xuat-thuc-hien-tod-hang-xanh-voi-tong-von-85-ti-usd-196250210170751627.htm