Contractors and construction units of three urban projects are continually digging the streets while the HCM City People's Committee's says they must dismantle barriers of all completed work and fill up holes before January 18 as a measure to ease traffic congestion during Tet holidays. At present, the street that scares many drivers in the city is the one running along Nhieu Loc Canal, which has become a great construction site for a few years now. Many people dare not take the street because of large potholes lying like traps for drivers, especially motorcyclists. Another dangerous trap is on the section of Xo Viet Nghe Tinh Street that runs past Tu Do household appliance supermarket. Although the contractors have dismantled the barriers of completed projects, they have not resurfaced the roads adequately. Le Minh Hoang, pump attendant at the petrol station opposite the supermarket, said, "Accidents occur on this section of the street everyday. Drivers fall off their … [Read more...] about Urban projects urged to finish digging
Urban project
VND 6.500 billion to build large urban project in Binh Duong
The Binh Duong Provincial People's Committee has just agreed on a large urban project to be invested in by the local entrepreneur Becamex IJC. According to the investor, the urban area named "Dong Do Dai Pho", costing as much as VND 6,500 billion, will target at Asian investors, who are working and living in the locality. The area will embrace a number of typical sectors with apartments and villas that will be specifically designed for specific communities of foreign investors, such as Japanese, South Korean and Chinese. At the heart of the area, there will be a large trade center and chains of Asian-style shops, restaurants and entertainment facilities. According to statistics, more than 2,000 projects are operating in the southern province with a total registered capital of US$ 13.7 billion. 70 per cent of the foreign investors in the Province came from Asian countries and the need for accommodation is high, the statistics say. The investor hopes that the urban area will … [Read more...] about VND 6.500 billion to build large urban project in Binh Duong
Tokyu, Becamex join forces to develop urban project
Tokyu, Becamex join forces to develop urban project By Quoc Hung - The Saigon Times Daily HCMC – Japan’s Tokyu Corporation and Vietnam’s Becamex IDC Corp. on Thursday cut a deal in Tokyo to develop manufacturing, urban areas and services in Vietnam. The project is to improve urban quality within the southern province of Binh Duong in particular and in Vietnam in general. Both sides will set up a joint venture to develop a new modern urban and service center of international standards following the signing ceremony of the memorandum of understanding (MOU). Located in Binh Duong New City, the scheme is invested by Becamex as the project owner. Under the MOU, the two sides agreed to establish a research and development (R&D) group responsible for sounding out cooperation and investment opportunities in Vietnam. The local company will help the R&D team to collect information on the locality’s development as well as that in other regions. Furthermore, Binh … [Read more...] about Tokyu, Becamex join forces to develop urban project
HCMC inspectors probe resettlement complaints in urban project
Ho Chi Minh City's Inspectorate began Monday to look into the relocation of people whose lands have been taken over for a major urban project following a spate of complaints against officials. The 45-day inspection, approved by the central government last month, would focus on several public agencies, including the city's land and zoning departments, and the people's committees of local wards in Districts 2 and 5. A sketch of the Thu Thiem urban area … [Read more...] about HCMC inspectors probe resettlement complaints in urban project
‘Breakthrough’ incentives proposed for urban project
Ho Chi Minh City is planning to offer a series of 'breakthrough' preferential policies for investors in the city's ambitious US$100 billion new urban town, a local newspaper reported Saturday. The city's Planning and Investment Department has suggested unprecedented promotion policies for the municipal People's Committee governing tax, capital and land in drawing investment to the Thu Thiem new urban area. A new apartment building in the Thu Thiem new urban area … [Read more...] about ‘Breakthrough’ incentives proposed for urban project