HCM City invests 119 million USD to build road section hinh anh 1A section of Pham Van Dong street (Source: VNA)
HCM City (VNA) - The HCM City Department of Transport on November 25 signed a contract with a consortium of investors to build the Ring Road No.2 section stretching from Pham Van Don Street to Go Dua intersection on National Highway 1A in HCM City.

The project, costing more than 2.7 trillion VND (119.4 million USD), will be developed under the Build-Transfer (BT) mode.

More than 944 billion VND (41.7 million USD) will be earmarked for road construction and the remaining 1.82 trillion VND (80.5 million USD) will be used for land clearance.

The consortium of investors includes Vietnam Land Investment Corporation, Van Phu Invest JSC and Bac Ai Building and Construction Advisory JSC.

The 2.7-km section, with a maximum speed of 60 kilometres per hour, will run through Linh Dong, Tam Phu and Tam Binh wards in Thu Duc District.

In the first phase, two new roads with three lanes will be built parallel to the ring road.

Three bridges, including Rach Lung, Rach Ong Viet and Rach Go Cat, with a length of 80 metres each, and water drainage and light systems will also be built in the first phase.

The 64-km Ring Road No.2, with six to 10 lanes, will run from Go Dua intersection to Binh Phuoc intersection, An Suong intersection, An Lac road, Nguyen Van Linh Road and Phu My bridge to HCM City-Long Thanh- Dau Giay Expressway and Hanoi Highway.

Construction will begin next year on a 30.4-km-long overhead expressway connecting the intersection of National Road No.1 and Hanoi Highway to Tan Tao-Cho Dem intersection in Binh Tan District, according to the Cuu Long Corporation for Investment, Development and Project Management of Infrastructure (CIPM Cuu Long).

The project, with a cost of 17.15 trillion VND (758.8 million USD), will be built under the Build-Operate-Transfer (BOT) mode, with a consortium of investors including CIPM Cuu Long, the 620 Infrastructure Development and Investment Corporation, FECON and Vgroup.

The expressway, with a maximum speed of 80 kilometres per hour, will have four lanes of 17.5 metres wide. -VNA