Monday, August 20, 2007

U.S. firm cuts design deal for $5 billion township project

An Phu general director Vo Thanh Hung (R) and HOK's senior vice president Steven Townsend exchange the design agreement in HCMC yesterday

By MONG BINH

(SGT-HCMC) HOK International Ltd. inked an agreement with An Phu Corporation yesterday to act as a design consultant for a large environment-friendly residential and industrial township in Hoc Mon District in HCMC.

The U.S. architecture and design firm will provide design services for mapping out the master plan of the An Phu Hung township to make sure this project will be able to meet the needs of development and living conditions of the next several generations, HOK’s senior vice president Steven Townsend said.

Townsend told the signing ceremony that lakeside residential and financial areas were among the components of the An Phu Hung township, whose expected population will be 65,000 when it is completed.

Vo Thanh Hung, general director of An Phu Corp., said the township covering 650 hectares in Tan Hiep and Tan Thoi Nhi villages would be in place within 10-15 years as the local corporation had started site clearance.

Hung estimated US$3-5 billion would be needed to develop the township northwest of Hoc Mon District and about 20 kilometers from downtown HCMC.

Earlier this year, the HCMC government assigned An Phu Corp. to work on the master plan for the mammoth project, which is aimed to thin out the population in downtown areas of the city and spur future development for the outlying district.