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HCM City requires over 42 billion USD for transport infrastructure upgrades

The HCM City People’s Committee has issued a plan to implement the city's transport infrastructure upgrade project in the 2021-2030 period, which will require investment of 970.6 trillion VND (42.3 billion USD).
HCM City requires over 42 billion USD for transport infrastructure upgrades ảnh 1Once completed, Metro line No.1 is expected to create a highlight in Ho Chi Minh City traffic. (Photo: VNA)
HCM City (VNA)- The HCM City People’s Committee has issued a plan to implement the city's transport infrastructure upgrade project in the 2021-2030 period, which will require investment of 970.6 trillion VND (42.3 billion USD).
About 399.7 trillion VND will be funded by the State budget and  the remaining nearly 571 trillion VND will come from other capital sources.
Under the plan, in the 2021-2030 period, the city will invest in over 650km of roads,211km of railroads, 81 big bridges, 15 major intersections, and seven projects under theSmart Cities programme. It will also complete highways and national routes connectingthe city with the Key Southern Economic Zone.

During the 2021-2025period, the city will prioritise key and urgent projects with totalinvestment capital of over 553 trillion VND (24 billion USD), of which the State budget will provide 181 trillion VND and other capitalsources 372 trillion VND.

The key and urgent projects for the 2021-2025period include the HCM City-Moc Bai Highway, Ring Roads No 2 and 3, National Highways No 1, No 22, No 50, and No 13, several elevated roads, main intersections and bridges in high-densityurban areas.

A number of key and urgentinfrastructure works will be completed by the end of this year, mostly in Thu Duc city.
The city has set a target of raising the ratio of traffic land to urban land to 12.76 percent in 2021, and the average densityof roads out of the city’s land area reaching 2.26 km per sq km.
The HCM City People’sCommittee has requested that sectors and localities develop specific programmes,plans, and projects on infrastructure development as part of their annual and five-yearsocio-economic development plans in the periods from 2021-2025 and 2026-2030to ensure the effective implementation of the transport infrastructure upgrade project./.
VNA
#transport infrastructure upgrades #highways #national routes #Key Southern Economic Zone #National Highways #infrastructure development #five-year socio-economic development plans #Vietnam #Vietnamplus #Vietnam News Agency Ho Chi Minh City
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