HCM CITY — HCM City has started work on Metro No2 highway backed with US$1.25 billion borrowed from the Asian Development Bank, European Investment Bank and Kreditanstalt Fur Wiederaufbau (Reconstruction Credit Institute). The 20km-long road will stretch from the new urban area of Thu Thiem to An Suong bus station. It is expected to be open in six years.
15-floor housing block under way
HCM CITY — Pacific Property and Infrastructure Development JSC (PPI) and Hung Thuan Investment Joint Stock Co started work on an office and residential building in HCM City last week. It will cost VND213 billion (US$10.92 million). The project will cover 20,279sq.m and include 15 floors and a basement.
New urban area for Hung Yen
HUNG YEN — Work has started on the 92.5ha Long Hung urban area in the northern province of Hung Yen.
The project will cost VND2.48 trillion (US$127.33 million). This year, about VND1.29 trillion ($66.61 million) will be spent for ground clearance and compensation.
Hoan Kiem trade centre to open
HA NOI — The VND250 billion (US$12.82 million) Hang Da Trade Centre project will open in Hoan Kiem District later this year. The project, covering 9,312sq.m and including five floors and two basements, will provide a retail area of nearly 7,000sq.m leasing at $6,000-10,000 per sq.m. — VNS
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