Applying the specific mechanism from Resolution 98, Ho Chi Minh City will build a series of TOD compact cities around metro lines and the Ring Road 3 of HCMC.
Ho Chi Minh City Department of Transport is consulting departments, localities and experts to complete the TOD project and submit it to the People’s Committee of Ho Chi Minh City by the end of 2023.
TOD (Transit Oriented Development) is an urban development model oriented towards public transport. TOD takes the development orientation of the public transport system as the basis for urban development planning, and the traffic hub as a population concentration point from which to further form a distributed transport system.
Mr. Tran Quang Lam, Director of Ho Chi Minh City Department of Transport, said that the “TOD Project” model will include 7 steps; where the first step is to identify a centralized traffic hub that can form a TOD model.
The second step is to determine the vicinity of the railway station, metro area, and the intersection of the Ring Road 3 in Ho Chi Minh City, and at the same time conduct a review of the land fund and the planning project that needs to be adjusted locally. plan and assess the current situation.
The third step is to organize the adjustment of the local planning, if any. The fourth step is to propose an independent public investment project to make compensation for land acquisition, infrastructure and urban development. The fifth step is to propose an independent public investment project to make compensation for land acquisition, infrastructure and urban development.
The remaining steps include: Appraise the pre-feasibility study report, propose investment policy and submit it to the People’s Council of Ho Chi Minh City for approval; Organizing project implementation and organizing auctions to select investors for projects.
The Ho Chi Minh City Department of Transport also said that the specific mechanism from Resolution 98 is a favorable condition to deploy the TOD model for the City to adjust planning, acquire and auction land in the vicinity of focal points. large traffic to develop new urban areas with high population density and synchronous infrastructure. For example, the advantages for apartment in Tay Ho, villa in Ciputra.
Currently, the city wants to pilot the TOD model in the area of metro station No. 1 Ben Thanh – Suoi Tien and the intersections of the Ring Road 3 project, because these are two projects under construction, the main traffic hubs. also determined. The land fund around these areas has been coordinated by the Department of Planning and Architecture of the city in coordination with the People’s Committees of districts and cities. Thu Duc reviews, statistics, can immediately implement a number of pilot projects.
In the later stage, it will be replicated in some areas, belt lines, other metros such as metro line 2… Currently, metro line 2 Ben Thanh – Tham Luong has clear legal status, location of stations traffic hub on the approved route.
the “compressed urban” model, according to the Director of the Department of Transport of Ho Chi Minh City, it is a place with high settlement density and small area, so it is mainly developed in terms of height and space above. This is an area with clear boundaries with surrounding and full service. However, the pilot period to apply the new mechanism is not long, only 5 years, so it is necessary to speed up the implementation process.
Previously, on July 13, 2023, at the information meeting, implementing Resolution 98/2023/QH15 on piloting a number of specific mechanisms and policies for HCMC development, Chairman of the City People’s Committee Phan Van Mai said that in the new policy mechanism, the urban development model oriented to traffic development is expected to help Ho Chi Minh City take advantage of the space along the metro lines and the Ring Road 3 of Ho Chi Minh City. .
Specifically, the mechanism allows the City to use the local budget to deploy independent public investment projects to carry out compensation and resettlement support. In particular, Resolution 98 allows the city to expand the field of application of public-private investment (PPP) to projects in the field of sports and culture.
The head of Ho Chi Minh City government also emphasized: “Opening up traffic is opening up huge resources for Ho Chi Minh City to play the role of economic locomotive. Urban development by transport routes (TOD) will be a new urban model that Ho Chi Minh City pursues, such as along the Ring Road 3, metro line 1 Ben Thanh – Suoi Tien, metro line 2 Ben Thanh – Tham Salary and many other routes in the near future.