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Update news Thu Thiem Peninsula
HCM City’s administration has approved a policy of compensation and resettlement for households in a 4.3ha area located outside the original boundary of the Thu Thiem new urban area project in the city’s District 2.
Residents who had their land illegally taken by the local authorities have been told they will finally be compensated – at current market value.
VietNamNet Bridge – A top leader of HCM City yesterday apologised to residents for the authorities’ wrongdoings in the construction of the Thu Thiem New Urban Area.
In 2010-20, HCM City plans to spend VND250 trillion on developing transport infrastructure. Of this, a whopping 70 per cent will be allocated to the eastern region, which is seeing a slew of infrastructure and property developments.
The HCM City Infrastructure Investment Joint Stock Company and the city's People's Committee broke ground for a project to develop infrastructure in a residential area located in the northern section of Thu Thiem Peninsula