|The HCM-Long Thành Expressway opened last year, shortening distance and reduce travel time from HCM City to Đồng Nai Province. The city plans to construct another road that is parallel to the expressway next year. — Photo zing.vn |Viet Nam News
HCM CITY — The HCM City People’s Committee has approved the feasibility study of a road that runs parallel to the HCM City-Long Thành-Dầu Giây Expressway.
According to the feasibility study submitted to the committee by a private company, the parallel road will start at Mai Chí Thọ Street and run through the Nam Rạch Chiếc Residential Area to Ring Road No. 2 at the An Phú Interchange.
The construction of the road is expected to start next year under the Build-Transfer contract and is estimated to cost VNĐ900 billion (US$40 million).
The road is expected to reduce traffic snarls and boost socioeconomic development of the area along the expressway.
The municipal committee said the parallel road will boost development of the area in the east of the city and better connect the Thủ Thiêm New Urban Area with District 9, Thủ Đức District and neighbouring Đồng Nai Province.
The 55-km HCM City-Long Thành-Dầu Giây Expressway, with total investment of VNĐ20.6 trillion ($923 million), opened last year, reducing travel time from HCM City to Đồng Nai Province.
At present, it takes about one hour to travel from HCM City to Đồng Nai when using the expressway, while it takes three hours when using National Highway No 1. — VNS