Elevated highways stretching 34.5km in Vietnam's Ho Chi Minh City may be developed at US$2.68 billion. The Prime Minister and the Ministry of Transport are tweaking the project in a move to lure investors. None have come forward at present.
November 30, 2012
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Elevated highways stretching 34.5km in Vietnam's Ho Chi Minh City may be developed at US$2.68 billion. The Prime Minister and the Ministry of Transport are tweaking the project in a move to lure investors. None have come forward at present.
The project to construct the ring road around Vietnam’s Ho Chi Minh City is now gathering pace. The project to construct three separate sections of the Ring Road No2 is expected to cost US$660.35 million, according to an estimate by the HCMC Department of Transport. The first section of the ring road runs from Binh Chanh District's Nguyen Van Linh Parkway to National Highway 1's An Lac Intersection. The second section of the new ring road runs between the Binh Thai Intersection in District 9
The Department of Transport is planning to improve traffic flow in Vietnam's Ho Chi Minh City, in a bid to reduce congestion and delays. Some 18 major road projects are due to commence in the city in 2011. In total the 18 road projects will be worth close to US$600 million. The contractors carrying out the work have not been revealed at this stage. Some obstacles to a number of the projects exist however with financing and land clearance issues expected to provide some hurdles.
