|HCM City People’s Committee has selected Lotte group as the investor of a smart complex project in the city’s Thủ Thiêm New Urban Area. — Photo alotrip.com|
The project is set to cost the investor VNĐ20.1 trillion (nearly US$884 million), excluding site clearance expenses.
It aims to develop a multifunctional finance-trade-service and residential centre, in which finance, trade and service functions play a crucial role in the core area of Thủ Thiêm.
Roads and technical infrastructure inside the complex and connecting with other areas in Thủ Thiêm will also be constructed under the project.
The project is scheduled to be carried out in 72 months following approval of the investor and will be operated for 50 years by Lotte.
Thủ Thiêm New Urban Area is located on the east of the Sài Gòn River, facing District 1, with total area of 657ha. It is expected to be a new centre of finance, commerce and services, along with culture and entertainment in HCM City. – VNS