Specifically, the city will relocate accommodation for 2.000 households living alongside canals. 8 projects with 586 apartments are implemented include Phan Van Han canal project, Thanh Da anti-erosion project, Nguyen Kieu Isle Park, project of land clearance and compensation for Kenh Te bridge, Cau Cut water drainage system, etc.

In addition, 4 other projects with a total area of 1.832 apartments approved investment policies will be implemented in 2016 worth VND 3.749 billion, of which VND 2.449 comes from the State’s budget. These projects include Hang Bang canal renovation, Phase 2 (District 5, 6), Bau Trau canal (District 6, Tan Phu), Van Thanh canal project (Binh Thanh), etc.

Regarding to new construction program in replace of old condo buildings, HCMC will complete dismantlement of Block IV-VI of Thanh Da apartment building in Binh Thanh District before end of Q.2, 2016, starting construction of 02 apartment building projects with 350 units financed by capital outside the budget.

In 2016, the city will develop newly large-scaled urban areas including Thu Thiem urban area, Southern HCMC urban area, Tan Cang Sai Gon Complex. Of which, 6 projects out of 51 component projects under Thu Thiem urban area have completed selection of investors, two of them are under construction. For Sala ecological urban project, 106 hectares, has completed infrastructure and 20% of the project, additional 5% will be continuously invested and expected to complete in 2020. Construction will continue go to the Southern HCMC urban area, 8,052 hectares, Phu My Hung and Hiep Phuoc Port urban areas.

Some items of Tan Cang Saigon Complex, 42, 2 hectares, worth VND 37.712 billion are under construction with a completed rate of 16%, 30% will be invested in 2016 and completed in 2019.

HCM CITYWEB