The construction site of an overhead road (Photo: VNA)

HCM City (VNA) – Ho Chi Minh City is hoping to build its fifth overhead expressway, which will be around 30.5 km long.

The project was recently proposed by the Cuu Long Corporation for Investment, Development and Project Management of Infrastructure.

The road will begin at the intersection of National Road 1A and the Hanoi Highway and end at the junction of National Road 1A and Tan Tao – Cho Dem Road.

The cost is estimated at 19.77 trillion VND (nearly 877 million USD) under the build-operate-transfer format.

Its construction is expected to take from 2016 to 2019, and tolls will be imposed once it opens to traffic.

The route that the new road will run along currently serves as an artery that connects HCM City with Mekong Delta provinces. The traffic flow there has become heavy in recent years, causing frequent congestion.-VNA