CII proposes to invest in 4 bridges in Thu Thiem under new BT form

Ho Chi Minh City Infrastructure Investment Joint Stock Company (CII) proposed to invest in 4 bridges and a central lake in Thu Thiem New Urban Area under the new BT form.

Ho Chi Minh City Infrastructure Investment Joint Stock Company (CII) has just sent a document to the Ho Chi Minh City People's Committee proposing to assign CII as the investor to implement the project of dredging canals, digging the central lake and building 4 bridges in functional areas in Thu Thiem New Urban Area.

The project aims to connect functional areas, improve the drainage system, and complete the technical infrastructure of Thu Thiem New Urban Area.

Thu Thiem new urban area still has many infrastructure items that have not been invested in. Photo: Le Toan.

Notably, CII proposed that these projects be separated into separate projects invested in the form of public-private partnership (PPP) applying the new BT contract form (payment by land fund or cash) instead of being combined with the Northern Residential Area BT Project.

In the document, CII committed to completing the feasibility study report within 3 months from the date of investment policy approval.

The construction time for the four bridges is expected to be 12 months, while the dredging, digging of the central lake and new canal will be completed within 30 months.

Previously, the Ho Chi Minh City People's Committee approved the investment policy for 4 bridges (No. 5, 9, 12 and N4), dredging canals, digging a central lake and new canals in the Thu Thiem New Urban Area.

Investing in 4 bridges and a central lake in Thu Thiem New Urban Area to soon turn this area into a modern financial center of regional and international stature according to the orientation of Ho Chi Minh City.

Source: https://baodautu.vn/cii-de-xuat-dau-tu-4-cay-cau-tai-thu-thiem-theo-hinh-thuc-bt-moi-d325268.html