Monday, November 20 2017

VietNamNews

City seeks road investor

Update: December, 10/2016 - 09:00
The HCM City People’s Committee has asked permission from Prime Minister Nguyễn Xuân Phúc to hire an investor for the elevated road No. 1 project.– Photo chinhphu.vn

HCM CITY – The HCM City People’s Committee has asked permission from Prime Minister Nguyễn Xuân Phúc to hire an investor for the elevated road No. 1 project.

The 9.5-km elevated road No. 1, extending from the Lăng Cha Cả junction to Phú An Bridge in Bình Thạnh District, is expected to ease traffic jams near Tân Sơn Nhất International Airport.

The road, 17.5 metres wide with four lanes, would cost more than VNĐ15 trillion (US$681 million) and pass through the districts of Tân Bình, Phú Nhuận and Bình Thạnh.

Under a Government decision, the city plans to build five elevated roads with a total length of 70km.

The elevated road No.1 would be the key road linking the four other elevated roads.

The network of elevated roads is expected to hasten the pace of traffic from the city’s inner areas to outer ring roads and city gateways.

Previously, the city People’s Committee had appointed South Korea’s GS Engineering and Construction Corp. (GS E & C) to research and invest in the elevated road under the Build – Operate – Transfer (BOT) mode. However, GS E & C said in 2009 that it could not conduct the project.

Another investor, Châu Thới Concrete Corporation No. 620, had also proposed investing in elevated road No.1, but withdrew later.

According to the city’s Department of Transport, construction of elevated road No. 5 linking Hà Nội Highway in Thủ Đức District with the Tân Tạo-Chợ Đệm junction in Bình Tân District will kick off early next year. – VNS

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