05:44' 17/04/2008 (GMT+7)
Resettlement housing is readied for occupancy at the Thanh My Loi new urban area in HCM City. The resettlement area is part of the Thu Thiem new urban area project.
VietNamNet Bridge - Chairman of HCM City People’s Committee Le Hoang Quan has ordered goverment agencies to hasten compensation to displaced residents to make way for the construction of 12,500 apartments in the Thu Thiem new urban area.
Construction of three resettlement areas in Binh Khanh Ward will start in July to house residents in five wards displaced by the Thu Thiem project.
The first resettlement area located on 17.3ha will have 1,886 apartments, while the second area will include 4,200 apartments covering 30ha and the third, 6,500 apartments on 38.4ha.
Earlier, the city People’s Committee toured the area to survey the progress and set out a deadline for compensation and site clearance work in the Thu Thiem new urban area project.
The project has been delayed because of compensation and site clearance problems, which have raised the accumulative interest on construction item loans to VND583 million ($36,437) a day.
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