Ho Chi Minh City approves land use for flood control project settlement

BT contract payment flood control project land fund urban infrastructure climate change adaptation

The Ho Chi Minh City People's Council has approved the use of two land plots to settle a Build-Transfer (BT) contract for a major tidal flood control project. The project, designed to mitigate flooding caused by climate change and rising sea levels, is a significant infrastructure undertaking aimed at protecting the city's central and low-lying urban areas.

The two designated land areas total approximately 3.23 hectares. The first site is located at 79B Ly Thuong Kiet, Tan Hoa ward, covering nearly 30,000 m². This site, formerly the CMC Plaza, is planned for mixed-use development, including residential, commercial, and green space. The second site is at 257 Tran Hung Dao, Cau Ong Lanh ward, measuring approximately 2,341 m². This land was recently recovered by the city and is managed by the Ho Chi Minh City Land Development Center.

The settlement follows delays in the BT contract between the Ho Chi Minh City People's Committee and investors, including Trung Nam An Trieu Co., Ltd. The project is considered vital for the city's resilience against environmental impacts.

Entities

Ho Chi Minh City · Ho Chi Minh City Land Development Fund · Ho Chi Minh City People's Council · Khanh Hoa People's Committee · Trung Nam An Trieu Co., Ltd · Trungnam Group

Claims

What the coverage asserts, and how many sources carry each claim.

[● 2 SOURCES] The proposed land list includes a 2.98-hectare site at 79B Ly Thuong Kiet and a 2,341.9-square-meter site at 257 Tran Hung Dao.
[● 2 SOURCES] Trungnam Group is the investor for the tidal flooding prevention project.
[○ 1 SOURCE] Three land plots have already been handed over to the investor: 232 Do Xuan Hop, 762 Binh Quoi, and plot C8A in Area A.
[● 2 SOURCES] The Ho Chi Minh City People's Council approved a list of land funds to settle Build-Transfer (BT) contracts for a tidal flooding prevention project.
[○ 1 SOURCE] The tidal flooding prevention project has a total investment of nearly 10 trillion VND.