Vehicles move along Binh Trieu Bridge (Source: chinhphu.vn) HCM City (VNA) - The Ho Chi Minh City Department of Transport has asked for approval of the city People’s Committee for the Binh Trieu No2 project’s second phase by the HCM City Infrastructure Investment Joint Stock Company (CII).
The petition also asks for the department to co-ordinate with the city’s Interdisciplinary Working Group to negotiate the Build-Operate-Transfer contract with CII, along with appraising and ratifying subprojects.
According to CII’s proposal, the subproject No1 will enlarge the existing Ong Dau Bridge with two bridge units on both sides of the existing one, each with 5.25 metres in width and 160 metres in length.
The subproject No4 will enlarge and reverse the War Memorial intersection and build a traffic tunnel toward Xo Viet Nghe Tinh-National Highway 13; reconstruct Chu Van An Road and enlarge other roads connecting the intersection.
The subproject No5 will expand the adjacent Ung Van Khiem Road to 30 metres in width and 1.8 kilometres in length.
Total investment of all construction, including clearance compensation, is estimated to reach more than 1.98 trillion VND (88.7 million USD).
CII will start collecting tolls at toll stations in Binh Trieu 1 and Binh Trieu 2 bridges after enlarging the Ong Dau Bridge and War Memorial intersection.
Return on investment is expected to be reached in 23 years and 9 months.-VNA
