HO CHI MINH CITY: MANY INFRASTRUCTURE WORKS SOON TO RECEIVE CLEARED SPACE FOR EXECUTION

The construction of a string of important infrastructure works which have been trapped by space woes in the southern growth engine of Ho Chi Minh City will resume pace in the fourth quarter of this year and in early 2023 after acquiring cleared land.

According to the Ho Chi Minh City Transportation Works Construction Investment Project Management Authority, late this year and early next, a series of transport infrastructure works across the city that temporarily suspended construction due to space issues will restart after the associated obstacles were resolved.

These projects include Tang Long, Ong Nhieu, Nam Ly, and Ong Bon bridges, Luong Dinh Cua Road (Thu Duc city), Vam Sat 2 Bridge (Can Gio district), Ten Lua Road, Tan Ky-Tan Quy Road (Binh Tan district), and renovating Hoang Hoa Tham Road and Cong Hoa Road in Tan Binh district.

The local authorities noted that delayed construction at many such projects has negatively impacted progress and triggered cost overruns.

In July, Ho Chi Minh City People’s Council greenlit a resolution revising the investment proposals for eight transport infrastructure works with the total investment value surging by more than $213 million.

Among these eight projects were the aforementioned Ong Nhieu and Tang Long Bridge building projects.

Vo Van Hoan, Deputy Chairman of Ho Chi Minh City People’s Committee noted that compensation and land acquisitions are key in deploying transport infrastructure investment projects.

To break the impasse with site clearance as seen in the previous months and in respect to the upcoming proposals to the government regarding amendments to the Law on Land, Ho Chi Minh City envisages introducing a compensation price that is closer to the market rate, with a separate price set enacted by the city authority that does not rely on the common price set.

This new price set will analyse a combination of factors such as population characteristics, urban conditions, and project location to set the compensation price. This aims to harmonise state interests and the interests of those who have acquired land.

Source: VIR