Proposal to invest 5,887 billion VND to build 6 infrastructure projects in Thu Thiem

The Ho Chi Minh City Department of Finance proposed that the City People's Committee invest VND5,887 billion from the budget to carry out 6 infrastructure projects in the Thu Thiem New Urban Area.

The Ho Chi Minh City Department of Finance has just sent a document to the Ho Chi Minh City People's Committee proposing a list of investment projects in the Thu Thiem New Urban Area using budget capital.

In particular, it is proposed to prioritize the construction of technical infrastructure for the remaining part of Functional Area No. 2A with a total investment of 320 billion VND.

The City People's Committee has assigned the Department of Construction to complete this project in 2025, submit the appraisal report on the investment proposal; submit it to the competent authority to decide on the project investment policy. And be ready to arrange capital for implementation right from the beginning of the medium-term period 2026 - 2030.

Thu Thiem new urban area, some areas have not invested in infrastructure - Photo: Anh Quan

Some large-scale projects in the implementation list for the 2026-2030 period have been approved by the City People's Council, including: dredging canals, digging the Central Lake and new canals, with an investment capital of VND 2,053 billion; construction of embankments along the Saigon River (from Ba Son Bridge to the junction of Cau Phao Canal No. 7) with an investment capital of VND 738 billion; Project to build a wastewater collection sewer system and a transfer pumping station with an investment capital of VND 1,268 billion...

These projects are proposed to be invested with budget capital and implemented in the period 2026-2030.

The Department of Finance recommends that the City People's Committee allocate public investment capital according to the principles and order of priority for capital allocation prescribed in Article 54 of the 2024 Law on Public Investment.

Currently, Ho Chi Minh City is investing in completing infrastructure in the Thu Thiem New Urban Area to attract investment in the 9.2-hectare Financial Center Project.

In addition, the City is preparing to auction 3 land lots marked 1-2, 1-3, 3-5 in the new urban area of Thu Thiem with an expected starting price of over 5,000 billion VND.

Source: https://baodautu.vn/de-xuat-dau-tu-5887-ty-dong-de-lam-6-du-an-ha-tang-tai-thu-thiem-d254443.html