The People’s Committee of Ho Chi Minh City has issued a directive to implement Resolution No. 490/NQ-HĐND of the City People’s Council regarding the adjustment of the investment policy for the project to construct, renovate, and expand Ton That Thuyet Street and the green park along the Te Canal.
The project to construct, renovate, and expand Ton That Thuyet Street and the green park along the Te Canal has a total investment of 5.554 trillion VND.
According to the directive, the Management Board of Traffic Works Investment Projects is assigned as the investor, responsible for coordinating with the People’s Committees of Khanh Hoi, Vinh Hoi, and Xom Chieu Wards to review related planning schemes. Project documentation must comply with the city’s planning approved by the Prime Minister and adhere to current legal regulations.
The City People’s Committee requires the investor to develop a detailed implementation plan, ensuring compliance with approved procedures, sequences, and timelines. The investor must also proactively report any arising difficulties for timely consideration and resolution.
The need for budget allocation from the city for the project must be fully proposed, aligning with the public investment plan and implementation schedule.
Additionally, compensation, support, resettlement, and land clearance must be urgently coordinated, adhering to planning boundaries and ensuring the project’s overall progress.
The Department of Construction is tasked with implementing Resolution No. 490/NQ-HĐND in accordance with legal provisions on public investment, planning, land, construction, budget, and bidding. They must also conduct inspections, supervision, and report to the City People’s Committee as required.
Significant Changes
According to Resolution No. 490, several key aspects of the project have been revised.
Specifically, the investor has been changed from Urban Traffic Management Zone No. 1 to the Management Board of Traffic Works Investment Projects; the project location is now specified in Vinh Hoi, Khanh Hoi, and Xom Chieu Wards.
The investment scope has been expanded to a total length of approximately 3,608 meters, including the renovation and expansion of Ton That Thuyet Street; construction of a new bridge over Nguyen Kieu Canal and Planning Road No. 1; embankment systems to protect the banks of the Te Canal and Nguyen Kieu Canal; renovation of Nguyen Kieu Bridge on Ben Van Don Street; and synchronization of drainage systems, technical infrastructure, lighting, and green parks along the canal.
The total investment has been adjusted from over 2.2 trillion VND to more than 5.554 trillion VND; the project has shifted from Group B to Group A and extended its implementation period until 2029.
Other investment policy details remain unchanged as per Resolution No. 07/NQ-HĐND issued in 2016.
This adjusted investment policy also replaces and terminates the previously approved individual land clearance and compensation project.
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