HA NOI (VNS) — A HCM City -based company has proposed a 10-lane road linking the East West Highway and the Ho Chi Minh–Trung Luong Highway.
The 2.7km road would start from the intersection of East West Highway and National Highway 1A and end at the intersection of Tan Kien Commune and Tan Tao-Dem Market road, part of the Ho Chi Minh-Trung Luong Highway.
The estimated investment capital for the project is nearly VND2 trillion (US$94 million), not including the cost of land clearance.
Yen Khanh Company, the project investor, won the bid to collect tolls on the Ho Chi Minh-Trung Luong Highway in five years, beginning last January. However, after one year, the number of vehicles travelling on the highway declined, negatively affecting the company's business.
Vu Thi Hoan, the company's general director, said the company had carried out a survey to find out the reason for the decline.
"Transport vehicles have to take the Binh Dien 1 Bridge to go from the Ho Chi Minh -Trung Luong Highway to the East West Highway. Traffic jams often occur on the bridge, so vehicle owners do not choose to go this way," she said.
The linking road would address this problem. Yen Khanh Company would use tolls collected from stations on the Ho Chi Minh-Trung Luong Highway as part of the investment for the linking road, according to the proposal. — VNS