US$35 million parallel road to promote development of Thủ Thiêm New Urban Area

HCM City – The ground breaking ceremony for the parallel road along with the HCM City – Long Thành – Dầu Giây Express was organised on April 29 in District 2, HCM City.

The construction will cost VNĐ808 billion ($35 million) and will be built within 2 years. It will include two parallel roads on the right side of the express with total length of nearly 3.4 km, at a width of 20 m and 4 lanes. Three bridges with a total length of 600 m will be parts of the project.

The construction is hoped to reduce traffic congestion in An Phú roundabout, district 2 as well as to create favorable conditions for development of Thủ Thiêm New Urban Area.

The construction will be carried out by the Tiến Phước Real Estate Joint Stock Company and Nam Rạch Chiếc Limited Company under build-operate-transfer (BOT) model.

“The road will contribute to complete infrastructure for development of District 2, especially for Thủ Thiêm New Urban Area as well as to speed up urbanisation progress in HCM City,” deputy chairman of HCM City People’s Committee Lê Văn Khoa said at the ground breaking ceremony. – VNS