(NLDO) – The Hang Xanh TOD project has a total research area of about 51.4 hectares, aiming to renovate the urban area, completely solve traffic congestion, and enhance connectivity…
Ho Chi Minh City Infrastructure Investment Joint Stock Company (CII) has just announced to shareholders that it has been assigned by the city to research and propose ideas for urban development in the direction of public transport development (TOD) in Hang Xanh, Binh Thanh District, with a total estimated investment of VND 216,000 billion (more than USD 8.5 billion).
According to Mr. Le Quoc Binh, General Director of CII, on February 8, at the 6th meeting of the Advisory Council for 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 in the Hang Xanh area). This is the area where Metro Lines 3A and 5 will be located along with a number of other public transport routes.
[Preliminary perspective of TOD Hang Xanh project (provided by CII)]
Specifically, the Hang Xanh TOD project has a total research area of about 51.4 hectares. The main goal and development orientation of the project is to renovate the urban area, resettle affected people on the spot, upgrade infrastructure and improve the quality of life of the people.
Hang Xanh TOD will completely solve traffic congestion, enhance connectivity in key areas such as Hang Xanh, Dai Liet Si 5-way intersection, Binh Trieu bridge.
In addition, green transport and digital transport applications are used to optimize travel, minimize environmental impacts; deploy unmanned vehicles to serve traffic and connect with public transport; create a modern, convenient living environment, helping residents feel comfortable and convenient when living in the project area.
Constructing key projects, high-rise apartments, green areas and public works to enhance urban aesthetics and utilities.
Developing underground urban space, maximizing development potential to create a public transport center, while connecting public transport and developing cultural, sports, medical, educational, commercial and service areas.
[Original article CII nghiên cứu, đề xuất thực hiện TOD Hàng Xanh với tổng vốn 8,5 tỉ USD published at nld.com.vn. Translation by Google Translate.
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