A panorama of Thu Thiem new urban area. (Photo: zing.vn)

In addition, the city also petitioned to be allowed to select four investors: Phat Dat Real Estate Development Joint Stock Company, Infrastructure Development and Investment Joint Stock Company 620, Construction Development and Investment Joint Stock Company 168 and Tan Thuan Industrial Development one-member liability Co., Ltd.

Aiming to minimize the impact of the construction and operation of the Thu Thiem 4 bridge as Tan Thuan port has not fully relocated, the city People’s Committee proposed a plan to allow the Sai Gon port to exploit the existing Than Thuan port.

According to the Ho Chi Minh city People’s Committee, the investment in the construction of the Thu Thiem 4 bridge aims to relieve the traffic pressure of Binh Thanh and Thu Duc districts on Districts 7, 8 and Binh Chanh, Nha Be districts. In addition, it also helps reduce traffic congestion inner the city and traffic accidents related to activities of the harbors in Districts 4 and 7.

On the other hand, the completion of the bridge will connect Thu Thiem new urban area with the existing centre of the city and Districts 4 and 7; creating favorable conditions to lure investment and boost the development of the Thu Thiem new urban area and Southern Ho Chi Minh city new urban area.

The Thu Thiem 4 bridge is about 2,160 meters in length, in which the main bridge from District 7 to the end of District 2 has six lanes. The project has a total investment capital of more than VND5.2 trillion (more than USD229 million)./.