|The project, which would connect Nguyen Van Huong Road with Tran Nao-Luong Dinh Cua-Arc Avenue intersection, would be built on the area of nearly 40,000 square metres during a two year period.— Photo thesaigontimes
CM CITY (VNS) — HCM City's Department of Transport has approved plans to spend more than VND333 billion (US$15.6 million) to upgrade and expand Tran Nao Street connecting Thu Thiem New Urban Area in the city.
The project, which would connect Nguyen Van Huong Road with Tran Nao-Luong Dinh Cua-Arc Avenue intersection, would be built on the area of nearly 40,000 square metres during a two year period.
The road is expected to measure more than 1.31km long and 30 metres wide, consisting of six lanes and a speed limit of 60 kilometres per hour for road users.
A drainage system, lighting and underground 110kV electricity grid will also accompany the new tree-lined street.
The Traffic Urban Management No2 Centre under the city's Department of Transport will fund the project.
Meanwhile, the city's People's Committee has agreed to allocate nearly 400,000 square metres of land of Thu Thiem New Urban Area for an outside company to build four main boulevards in the area.
This includes the Arc Avenue, Lakeside Avenue, Riverside Avenue and a subway connecting eight functional areas in Thu Thiem.
The construction, with a total capital investment of VND12 trillion ($571.4 million), is expected to finished by February 2017. — VNS