CII researches and proposes to implement TOD Hang Xanh with total capital of 8.5 billion USD

(NLDO) - The Hang Xanh TOD project has a total research area of ​​about 51.4 hectares, aiming to renovate the urban area, thoroughly 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 urban development ideas 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 the idea of ​​implementing TOD in the Hang Xanh area. This is the area where Metro Line 3A and Metro Line 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 urban beautification, on-site resettlement for affected people, upgrading infrastructure and improving people's quality of life.

TOD Hang Xanh will completely solve traffic congestion, enhance connectivity in key areas such as Hang Xanh, Dai Liet Si intersection, and Binh Trieu bridge.

In addition, green transportation and digital transportation applications are used to optimize travel and minimize environmental impacts; deploy unmanned vehicles to serve traffic and connect with public transport; create a modern and convenient living environment, helping residents feel comfortable and convenient when living in the project area.

Constructing landmark 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.

In recent trading sessions, CII shares on the stock exchange have increased quite strongly, with some sessions hitting the ceiling. On the trading session of February 10, CII closed at VND14,550/share - a slight increase of VND100.

Source: https://nld.com.vn/cii-nghien-cuu-de-xuat-thuc-hien-tod-hang-xanh-voi-tong-von-85-ti-usd-196250210170751627.htm