16/05/2024
The Thủ Thiêm 4 Bridge project, a unique and promising transportation endeavor in Ho Chi Minh City, Vietnam, has garnered considerable attention from both local residents and domestic as well as international investors. With the aim of connecting the new urban area of Thủ Thiêm with District 7, this project is considered a significant step forward in the development of transportation infrastructure and urban network expansion.
An overview of the Thủ Thiêm 4 Bridge project:
- Project Name: Thủ Thiêm 4 Bridge
- Location: Connecting District 2 and District 7
- Total Investment: Nearly 5 trillion Vietnamese dong
- Investment Model: Public-Private Partnership (PPP)
- Length: 2 kilometers
- Width: 28 meters
- Design Speed: 60 km/h
- Construction Quality: Lifespan of 100 years, capable of withstanding seismic intensity level 7
- Number of Lanes: 6 lanes along with pedestrian sidewalks
- Expected Commencement Date: April 30, 2025
- Expected Completion Date: Within the year 2028
Thủ Thiêm 4 Bridge: A new landmark on the city map
The Thủ Thiêm 4 Bridge is designed to meet the increasing transportation demand of the area and alleviate traffic pressure on existing bridges. With a total length of over 2 kilometers and a width of 28 meters, this bridge can accommodate 6 lanes of traffic along with pedestrian sidewalks, providing convenient passage for daily commuters.
The renderings of the Thủ Thiêm 4 Bridge are truly a masterpiece of architecture and aesthetics, not merely a transportation infrastructure but also a cultural symbol in the urban landscape. The modern design and emphasis on the bridge's aesthetic appeal create a distinctive focal point in the cityscape.
From atop the bridge, one can enjoy panoramic views of the Saigon River and the Tân Thuận Port area, blending natural beauty with urban architecture harmoniously. This not only enhances the city's beauty but also provides a unique and enjoyable experience for its residents.
Moreover, the Thủ Thiêm 4 Bridge holds significant importance in urban development and community connectivity. With promising benefits in terms of transportation, economic, and social aspects, the bridge serves not only as a means of transportation but also as a solid connection between districts and communities. Additionally, the bridge creates a modern and convenient living and working environment, meeting the increasing demands of residents and users.
Strategically located at the intersection of the North-South axis and Bùi Thiện Ngộ Street, the Thủ Thiêm 4 Bridge truly becomes a vital link, not only in relieving traffic congestion but also in opening up economic development opportunities for both areas.
Why is the construction of Thủ Thiêm 4 Bridge a top priority?
The construction project of Thủ Thiêm 4 Bridge is an urgent and vital project, requiring adherence to the schedule to alleviate traffic pressure from Bình Thạnh and Thủ Đức districts passing through Districts 7, 8, and the suburban districts of Bình Chánh and Nhà Bè.
The goal of the project is to improve the traffic situation and reduce congestion in the inner city area. By creating a logical connection between districts and suburban areas, Thủ Thiêm 4 Bridge will provide a more convenient route and reduce travel time between areas, thereby saving time and effort for residents and commuters.
In addition to creating an efficient transportation network, the Thủ Thiêm 4 Bridge renderings also have a positive impact on traffic safety in the area. By reducing the volume of traffic on the road, especially vehicles related to port activities in District 4 and District 7, the risk of traffic accidents will be reduced. This ensures safety for both road users and transported goods.
The early completion of the Thủ Thiêm 4 Bridge project will bring significant benefits to both the city and surrounding areas. In addition to improving the traffic situation, the project also contributes to the economic and social development of the region. Efficient connectivity between districts and suburban areas will facilitate travel, business, and trade, contributing to sustainable development in the region.
Investment capital for Thủ Thiêm 4 Bridge
According to information from Thanh Nien newspaper, in a new report presented to the City People's Committee by the Department of Transportation, the total estimated investment for the construction of Thủ Thiêm 4 Bridge is 4.95 trillion Vietnamese dong. This figure represents an adjustment from the previous estimate of 5.3 trillion Vietnamese dong, with a reduction of about 300 billion dong. This adjustment has been made based on the update and review of project items.
The reduction in the total investment of Thủ Thiêm 4 Bridge is the result of adjusting and updating project items. Through analysis and evaluation, measures may have been found to optimize costs and ensure the efficiency of the project. This may include changes in design, the use of cost-saving materials or technologies, or the implementation of effective cost management measures.
How does Thủ Thiêm 4 Bridge affect Real Estate in District 2 and District 7?
With the completion of Thủ Thiêm 4 Bridge, the estimated travel time from District 7 to District 2 is expected to be significantly reduced, to just 3-5 minutes. This creates a more favorable environment for commuting between the two areas, reducing traffic congestion and saving time for both residents and commuters.
It is expected that in the near future, real estate prices in areas adjacent to Thủ Thiêm, such as Tân Thuận Đông ward, District 7, will witness significant growth. This stems from the formation and development of the Thủ Thiêm area, which is expected to become a bustling and prosperous new urban center.
In this context, main thoroughfares such as Bến Nghé and Huỳnh Tấn Phát are expected to become more valuable, thanks to convenient connectivity and the potential for economic development and trade in the Thủ Thiêm area. These are positive signs for the development of the real estate market in this area.
Currently, apartment prices in the Thủ Thiêm area range from 150 to 200 million Vietnamese dong per square meter, significantly higher than in District 7, where prices range from 45 to 90 million Vietnamese dong per square meter. It is expected that real estate prices in Thủ Thiêm will continue to rise due to the development of this new urban area, as well as the positive impact of expanding the transportation network through Thủ Thiêm 4 Bridge.
Thủ Thiêm 4 Bridge is not just a transportation project but also a key driver for the growth and development of the real estate market in District 7 and the Thủ Thiêm Urban Area (District 2). Improvements in transportation infrastructure and enhanced connectivity between these two districts will open up significant opportunities and development potential for both the real estate market and the local economy.
Achieve Realty VN is currently distributing real estate projects in the new Thu Thiem urban area. If you need more information, please get in touch with the address:
Hotline: +8486 888 2539
Email: sales@achievereal.com
