HCM CITY (VNS) — A Ministry of Transport-owned company has offered to build an elevated road in HCM City on a build-operate-transfer basis.
In a proposal to the People's Committee, the Cuu Long Corporation for Investment, Development and Project Management of Transportation Infrastructure said Road No 5 would be 30.5km long with four lanes and stretch from the Ha Noi Highway intersection in Thu Duc District to the Tan Tao Street intersection in Binh Chanh.
It would cost more than VND19.7 trillion (US$875 million). The construction would be divided into three sections: 8.5km from the Ha Noi Highway to Binh Phuoc at VND5.6 trillion ($248 million), 12.7km from Binh Phuoc to An Suong intersection at VND8 trillion, and 9.3km from An Suong to the Tan Tao intersection at VND6.1 trillion ($271 million).
It is expected to be built in 2016-19, and toll collection will start in 2020.
It will share the load with National Highway 1A, an arterial city road that also plays an important role in linking the Cuu Long (Mekong) Delta. — VNS