December 9, 2007
First overhead road to be built in HCM City
Vietnam 's first overhead road will be built in Ho Chi Minh City, the country's biggest economic hub, to help ease traffic congestions.
The road, which will go through districts 1, 2, Tan Binh, Phu Nhuan and Binh Thanh, will be constructed at a total cost of 4.7 trillion VND in the Build-Operate-Transfer form, with the GS E&C Co. from the Republic of Korea being the investor.
A memorandum of understanding on the project was signed in Ho Chi Minh City on December 6 by Tran Quang Phuong, Director of the Municipal Department for Transport and Public Works, and Lee Hwi Sung, Vice President
of the GS E&C Co.
Under the MoU, the construction of the 10.8-km-long and 17.6-m-wide road is expected for completion in 4 years.
The GS E&C Co. plans to will organise a seminar on the designing of the road soon.(VNA)
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