|National Highway 22, which connects Tay Ninh Province of HCM City and Cambodia, will soon be upgraded on a BOT basis. — Photo vnexpress.net
HCM CITY (VNS) — The Prime Minister has authorised the people's committee of HCM City to invite investments and carry out upgrade work of National Highway 22 on a build-operate-transfer (BOT) basis.
The committee will collaborate with the transport ministry and the people's committee of Tay Ninh Province to implement the project.
The 58km highway is the arterial road that plays a crucial role in boosting the south's economic growth, as well as in the transport of goods from provinces in the south-east to Cambodia and other ASEAN countries.
The committee said it was essential and urgent to upgrade the highway, since its lanes were not wide enough to accommodate an increasing number of vehicles, which resulted in frequent traffic jams during rush hour on several stretches.
The progress of the development projects for HCM City Ring Road No. 3, Ring Road No. 2 and Tay Bac urban area are also partly responsible for excessive traffic on Highway 22.
Previously, the transport ministry had agreed with the committee to select only one investor for the project in order to avoid the installation of more than one toll station on the 58km-long stretch. — VNS