Business

HCM City to have more parking lots

Ho Chi Minh City ’s authorities on Oct. 15 signed with the Development and Investment for Underground Space Inc. a deal on the construction of an underground multi-storeyed car park at Le Van Tam Park in the city’s central District No. 1.
Ho Chi Minh City’s authorities on Oct.15 signed with the Development and Investment for Underground SpaceInc. a deal on the construction of an underground multi-storeyed carpark at Le Van Tam Park in the city’s central District No. 1.

The project, estimated to cost over 1.74 trillion VND (940 millionUSD), will be undertaken under the BOT (Build-Operate-Transfer) formula.

The car park will have a total floor acreage of 103,225 sq. m witheight under-ground floors. Five floors (or 70 percent of the floorspace) will be reserved for parking and technical facilities and theremaining three for trading and public services.

The car park will have exits open to the future Metro network’s station and other main streets in District 1./.
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