The HCM City People’s Committee has approved construction of an inland container depot (ICD) in suburban District 9. — Photo reatimes.vn
HCM CITY — The HCM City People’s Committee has approved construction of an inland container depot (ICD) in suburban District 9.
To be built in public-private partnership mode, the 60ha ICD will cost around VNĐ5.8 trillion (US$260 million) and be finished by 2019.
It will serve the relocation of enterprises operating in the Trường Thọ Port area in Thủ Đức District, which will mitigate traffic congestion and environmental pollution in the area.
The People’s Committee has identified Đức Khải Corporation, Tân Hoàng Real Estate Joint Stock Company and Tam Bình Real Estate Joint Stock Company as the private sector partners.
The site is on Nguyễn Xiển Street, Long Bình Ward, which is only around 10m wide.
Fearing traffic jams there when the ICD opens, the People’s Committee has instructed the departments of Transport and Planning and Architecture and the District 9 administration to widen the street. — VNS