|Vehicles pass by the Rach Dia Bridge on Le Van Luong Street. It is a small, loading-capacity iron bridge that is now outdated. A new bridge will be built to replace it with an investment of US$31.2 million.
HCM CITY (VNS) — The HCM City Department of Transport has sought approval from the People's Committee for an offer by a property developer to build the Rach Dia Bridge on Le Van Luong Street at a cost of VND700 billion (US$31.2 million).
Le Van Luong Street is one of the main roads running from District 7 to Nha Be, and the bridge will replace an existing one, one of four on the street all of which are only 3 to 3.3 metres wide each and with no sidewalks.
Even as demand for transportation is rising in the area, the existing bridges can only take vehicles of 3.5 tonnes and hinder both land and waterway traffic to Hiep Phuoc Port in Nha Be.
The offer has been made by HCM City-based Tai Nguyen Co., which will fund land acquisition as well as construction in return for land elsewhere.
Tai Nguyen Co. has a housing project on Le Van Luong Street.
A spokesman for the company said the proposal is in line with the city's plans to privatise development of transport infrastructure. — VNS