|A HCM City north-south road is proposed at the cost of US$377 million. — VNA/VNS Photo
HCM CITY (VNS) — A project proposal has been sent to the HCM City People's Committee regarding the construction of a north-south road for an estimated VND8.5 trillion (US$377.7 million).
The plan proposes the construction of a 7.5km-long, six-lane road connecting Nguyen Van Linh Street and Ba Chiem Bridge in south HCM City.
The land clearance costs have been included in the proposal, Vietnamese enterprises Hoa Phong and Moc An, the investors, said.
The proposed road will be part of the north-south connecting route, extending from Highway 22 in District 12 to the suburban Hiep Phuoc Industrial Park in Nha Be District.
Another north-south line had been proposed earlier by the HCM City Urban Traffic Management Zone No.1, according to which a new road will be built from Hoang Dieu Intersection in District 4 to Nguyen Van Linh Street to tackle the heavy traffic jams that occur in the area. The construction of the road, measuring about 3.8km in length, is expected to cost VND6.74 trillion ($299.5 million). — VNS