|A section of National Highway No. 13 in HCM City is expected to be upgraded to meet increasing transportation demand. — Photo www.baogiaothong.vn|
HCM CITY — The HCM City Department of Transport has proposed six transport projects built under Build-Operate-Transfer (BOT) contracts with a total investment of more than VNĐ97 trillion (US$4 billion).
Mobilising more investment from the private sector is a viable way to raise funds for urgent projects while the State budget is still limited, the department said.
The proposed projects will be upgrading and widening existing main roads to residential areas, gateways and neighbouring provinces that are expected to have increasing transportation demand.
They include upgrading a 9.6km-long section on National Highway No. 1A with total estimated investment of VNĐ12.9 trillion ($548 million).
Other projects include upgrading a 9.1km-long section on National Highway No. 22 for VNĐ1.2 trillion ($51 million), and a 5.8km section of National Highway No.13 for VNĐ12.2 trillion ($518 million).
A 9.7km extension of the east-west axis connecting with Ring Road No. 3 will have total investment of VNĐ13.8 trillion ($560.4 million).
Widening a 26.8km section on the north-south road axis to Hiệp Phước Industrial Park will cost VNĐ54.2 trillion ($2.3 billion), and upgrading a 5.8km parallel road to National Highway No. 50 will cost about VNĐ3.8 trillion ($161 million). — VNS