HCM City authority is speeding up construction of four underground parking lots in District 1. — VNA/VNS Photo Hữu Khoa
HCM CITY — The HCM City Department of Transport has told contractors to complete procedures and speed up work on four underground parking projects.
Contracts will be terminated if the projects are not developed on schedule or prolonged.
The city is building four underground parking lots at Lê Văn Tám Park, Tao Đàn Park, Trống Đồng Stage and Hoa Lư Stadium, all in District 1.
On July 10, the city’s People's Committee cancelled the build-operate-transfer (BOT) contract with the Investment and Development for Underground Space Corporation (IUS), the main contractor for the underground parking lot in Lê Văn Tám Park.
Approved by the city authority in 2009, the parking lot under the Lê Văn Tám Park would accommodate 1,300 cars and 2000 motorbikes. However, the project is still on paper.
The authority has directed the city’s Department of Transport to work with the contractor of the parking lot project under the Trống Đồng Stage to find solutions to speed up the work.
In addition, the department will work with the Management Board of Transport Infrastructure to complete the pre-feasibility study report for projects located in Hoa Lư Stadium and Tao Đàn Park.
The parking project under the Trống Đồng Stage has total investment of VNĐ740 billion (US$31.9 million) on an area of 1,620 m2. The project will include seven underground floors and three floors above ground.
The project is expected to accommodate 890 cars and 400 motorbikes.
The four-storey underground lot at Tao Đàn Park has a total investment of VNĐ1 trillion (US$43.1 million), and space for 1,198 cars and 896 motorcycles. The lot at Hoa Lư Stadium will cost VNĐ3,4 trillion (US$146,6 million) and has five basement floors, with parking spaces for 2,548 cars and 2,873 motorcycles.
The department has also asked city authorities to build automatic parking lots. These parking lots would have a capacity of 10 to 20 vehicles and would be located near offices and companies in the city centre. — VNS