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HCMC needs 1.4 million billion infrastructure construction, urban development

Yesterday, speaking at the opening ceremony of City Gate Towers apartment model, Nguyen Thanh Tai - Vice Chairman of HCMC People's Committee for Permanent - said that HCMC needs investment of around 1.4 million expected to be built infrastructure construction and urban development in the next 5 years (2010-2015).

With a population of about 10 million people, more than 2.5 million immigrants, HCMC has great demand for housing. The investment in residential construction in the coastal city will contribute to stretching of the inner city.

City Gate Towers is a new residential area project in the combination of 3 Projects by the 577 Corporation investment, located next to Eastern Avenue - West City, and belongs to Ward 16, District 8. With a total investment of 1,500 billion VND, City Gate Towers comprises 5 blocks, including four blocks 25-27 storeys high, with 4 floors for the commercial center and a 12-storey high blocks for office work. City Gate Towers is expected to be in use at the end of 2012.

 

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