On May 20, the Ho Chi Minh City People's Committee approved the assignment of Khang Dien Housing Investment and Business Joint Stock Company to study and prepare a report proposing investment policies for the urban embellishment project of Ma Lang and Cho Ga - Gao areas in Cau Ong Lanh and Ben Thanh wards according to the public-private partnership (PPP) method.
According to the Ho Chi Minh City People's Committee, assigning enterprises to conduct research is only for the purpose of proposing investment plans, not to generate priority rights or appoint Khang Dien as the investor to implement the project. The selection of investors later (if any) will be carried out in accordance with legal regulations on PPP investment and related regulations.
At the same time, the city also emphasized that assigning research does not bind Ho Chi Minh City to apply PPP or BT contract forms for projects.
More than 1,000 cases affected in Ma Lang area
According to the business's proposal, the Ma Lang area in Cau Ong Lanh ward will be urbanized, including building social housing apartments on a land area of about 3.61ha.
The total estimated investment is about 2,000 billion VND, excluding compensation, site clearance and resettlement support costs.
Statistics show that the area belonging to neighborhoods 6, 7, 8, 9 of Cau Ong Lanh ward has a total of 1,070 cases of houses and land located within the renovation boundary. Among them, 943 cases are directly affected along with 127 apartments belonging to apartment building 269F Nguyen Trai.
Ma Lang area, also known as the Nguyen Cu Trinh quadrilateral, is located between Nguyen Trai - Cong Quynh - Tran Dinh Xu - Nguyen Cu Trinh streets. Before 1975, this place was a cemetery, then relocated to form a densely populated residential area right in the city center.
Since 2000, Ho Chi Minh City has had a policy to renovate this area. However, the project has changed investors many times but has not yet been implemented. By 2023, the city had revoked the project.
Renovation of Cho Ga - Gao area worth over 1,100 billion VND
For the Chicken - Rice Market area in Ben Thanh ward, Khang Dien proposed urban embellishment combined with building social housing apartments on an area of about 0.4ha.
This area currently has about 248 households with 717 people, along with about 238 market stalls and 10 townhouses.
The total estimated investment is about 1,100 billion VND, excluding compensation, site clearance and resettlement costs.
Ga - Gao Market is located between Nguyen Thai Hoc - Vo Van Kiet - Yersin streets, is a traditional market that existed before 1975 but has now deteriorated.
Ho Chi Minh City People's Committee requests Khang Dien to coordinate with relevant agencies in the research process to fully review the legal basis, current status of land use management, planning as well as the exploitation capacity of the land fund expected to be paid for BT contracts, ensuring compliance with regulations on land, public assets and PPP investment.
According to the city's requirements, businesses must complete the Investment Policy Proposal Report within 1 month from the date of issuance of the official dispatch. In case the deadline is exceeded or the dossier is not approved after appraisal, the assignment of research will be terminated and the business must bear all incurred costs.
