Hanoi Highway that runs through HCMC's eastern districts will be widened to 10 lanes and two parallel roads at an estimated cost of VND2.54 trillion, or nearly US$150 million, an official of the HCMC Department of Transport said.
Le Toan, deputy director of the department, said the project would be developed by HCMC Infrastructure Investment Joint-Stock Co., or CII. A memorandum of understanding to this effect was signed last year between the HCMC government and CII.
Under the agreement, CII will widen the highway to 153.5 meters at the section between Saigon Bridge and Binh Thai Junction, and to 113.5 meters at the section from Binh Thai to Dong Nai Bridge. The highway is now 60 meters wide.
The project will be developed under build-operate-transfer (BOT) form. Once completed in two years, the highway is expected to have a 10-lane main route and two parallel roads with three lanes on each side.
The project requires 120 hectares of clear land and is designed to cross Districts 2,9 and Thu Duc in HCMC and Di An District in neighboring Binh Duong Province. Nearly 2,500 households will be relocated.
The project aims to link HCMC with southeastern provinces as well as reduce congestion. The work will be carried out at the same time as the subway project from the inner city's Ben Thanh Market to Suoi Tien Park in District 9.
This year, the city's transport department plans to invest VND36 trillion, or US$2.1 billion, in key transport infrastructure projects as part of an effort to stimulate growth in the country's largest economic hub. The money, from domestic and foreign sources, will be spent on 37 projects whose work will begin this year.
Bui Xuan Cuong, head of the Department's Traffic Management Division, said delays in site clearance, poor management and low financial capacities of contractors are huge challenges.
Le Toan, deputy director of the department, said the project would be developed by HCMC Infrastructure Investment Joint-Stock Co., or CII. A memorandum of understanding to this effect was signed last year between the HCMC government and CII.
Under the agreement, CII will widen the highway to 153.5 meters at the section between Saigon Bridge and Binh Thai Junction, and to 113.5 meters at the section from Binh Thai to Dong Nai Bridge. The highway is now 60 meters wide.
The project will be developed under build-operate-transfer (BOT) form. Once completed in two years, the highway is expected to have a 10-lane main route and two parallel roads with three lanes on each side.
The project requires 120 hectares of clear land and is designed to cross Districts 2,9 and Thu Duc in HCMC and Di An District in neighboring Binh Duong Province. Nearly 2,500 households will be relocated.
The project aims to link HCMC with southeastern provinces as well as reduce congestion. The work will be carried out at the same time as the subway project from the inner city's Ben Thanh Market to Suoi Tien Park in District 9.
This year, the city's transport department plans to invest VND36 trillion, or US$2.1 billion, in key transport infrastructure projects as part of an effort to stimulate growth in the country's largest economic hub. The money, from domestic and foreign sources, will be spent on 37 projects whose work will begin this year.
Bui Xuan Cuong, head of the Department's Traffic Management Division, said delays in site clearance, poor management and low financial capacities of contractors are huge challenges.
Source: Saigon Times
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