HCM City invests 119 million USD to build road section
The HCM City Department of Transport on November 25 signed a contract with a consortium of investors to build the Ring Road No.2 section stretching from Pham Van Don Street to Go Dua intersection on National Highway 1A in HCM City.
HCM City (VNA) - The HCM City Department of Transport on November 25 signeda contract with a consortium of investors to build the Ring Road No.2 sectionstretching from Pham Van Don Street to Go Dua intersection on National Highway1A in HCM City.
The project,costing more than 2.7 trillion VND (119.4 million USD), will be developed underthe Build-Transfer (BT) mode.
More than944 billion VND (41.7 million USD) will be earmarked for road construction andthe remaining 1.82 trillion VND (80.5 million USD) will be used for landclearance.
Theconsortium of investors includes Vietnam Land Investment Corporation, Van PhuInvest JSC and Bac Ai Building and Construction Advisory JSC.
The 2.7-kmsection, with a maximum speed of 60 kilometres per hour, will run through LinhDong, Tam Phu and Tam Binh wards in Thu Duc District.
In the firstphase, two new roads with three lanes will be built parallel to the ring road.
Threebridges, including Rach Lung, Rach Ong Viet and Rach Go Cat, with a length of80 metres each, and water drainage and light systems will also be built in thefirst phase.
The 64-kmRing Road No.2, with six to 10 lanes, will run from Go Dua intersection to BinhPhuoc intersection, An Suong intersection, An Lac road, Nguyen Van Linh Roadand Phu My bridge to HCM City-Long Thanh- Dau Giay Expressway and HanoiHighway.
Constructionwill begin next year on a 30.4-km-long overhead expressway connecting theintersection of National Road No.1 and Hanoi Highway to Tan Tao-Cho Demintersection in Binh Tan District, according to the Cuu Long Corporation forInvestment, Development and Project Management of Infrastructure (CIPM CuuLong).
The project,with a cost of 17.15 trillion VND (758.8 million USD), will be built under theBuild-Operate-Transfer (BOT) mode, with a consortium of investors includingCIPM Cuu Long, the 620 Infrastructure Development and Investment Corporation,FECON and Vgroup.
Theexpressway, with a maximum speed of 80 kilometres per hour, will have four lanesof 17.5 metres wide. -VNA
HCM City will focus on easing traffic jams in the two worst affected areas before year-end - roads leading to Tan Son Nhat International Airport and Cat Lai Port - an official has said.
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A section of Pham Van Dong street (Source: VNA) 
