ASEAN KEY DESTINATIONS
City invests $119m to build road section
The HCM City Department of Transport last Friday (Nov 25) signed a contract with a consortium of investors to build the Ring Road No.2 section stretching from Phạm Văn Đồng Street to Gò Dưa intersection on National Highway 1A in HCM City.
The project, with a cost of more than VNĐ2.7 trillion (US$119.4 million), will be developed under the Build-Transfer (BT) mode.
More than VNĐ944 billion (US$41.7 million) will be earmarked for road construction and the remaining VNĐ1.82 trillion (US$80.5 million) will be used for land clearance.
The consortium of investors includes Việt Nam Land Investment Corporation, Văn Phú Invest JSC and Bác Ái Building and Construction Advisory JSC.
The 2.7-km section, with a maximum speed of 60 kilometres per hour, will run through Linh Đông, Tam Phú and Tam Bình wards in Thủ Đức District.
In the first phase, two new roads with three lanes will be built parallel to the ring road.
Three bridges, including Rạch Lùng, Rạch Ông Việt and Rạch Gò Cát, with a length of 80 metres each, and water drainage and light systems will also be built in the first phase.
The 64-km Ring Road No.2, with six to 10 lanes, will run from Gò Dưa intersection to Bình Phước intersection, An Sương intersection, An Lạc road, Nguyễn Văn Linh Road and Phú Mỹ bridge to HCM City-Long Thành- Dầu Giây Expressway and Hà Nội Highway.
Construction will begin next year on a 30.4-km-long overhead expressway connecting the intersection of National Road No.1 and Hà Nội Highway to Tân Tạo-Chợ Đệm intersection in Bình Tân District, according to the Cửu Long Corporation for Investment, Development and Project Management of Infrastructure (CIPM Cửu Long).
The project, with a cost of VNĐ17.15 trillion (US$758.8 million), will be built under the Build-Operate-Transfer (BOT) mode, with a consortium of investors including CIPM Cửu Long, the 620 Infrastructure Development and Investment Corporation, FECON and Vgroup.
The expressway, with a maximum speed of 80 kilometres per hour, will have four lanes of 17.5 metres wide.
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