Ho Chi Minh City ’s Department of Transport plans to kick off construction of four main roads at Thu Thiem new urban area in District 2, the city’s new financial centre, in June 2013.

With a total cost of around 10 trillion VND, the project will include an arch avenue, a central lake-side road, a Saigon River-side road and an overpass across the southern ecological garden.

To ensure progress of the project, the HCM City People’s Committee has assigned the Investment and Construction Board of the Thu Thiem new urban area to work with Vietnam Infrastructure Development and Finance Investment Joint Stock Company (VIDFI) to complete promptly all technical designs and procedures of the project.

According to Trang Bao Son, deputy head of Thu Thiem new urban area management board, the four roads are expected to be completed in 2015, giving the start for the formation of the Thu Thiem new urban area.

The area is located in Thu Thien peninsula, which closely connects two lands raised by the Saigon river, include An Khanh, Thu Thiem, An Loi Dong, Binh An and Binh Khanh wards of district 2, and faces the city’s existing centre by Saigon River.

It is considered a heart of the city in the 21 st century with functions of a new modern urban area, financial, commercial and service centre.-VNA