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Monday, June 17, 2024

HCMC needs over VND137.6 trillion for traffic infrastructure projects in 2021

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HCMC – The HCMC government has come up with a plan to develop the traffic infrastructure system in the city from 2020-2030, in which more than VND137.6 will be needed for traffic infrastructure projects in the city this year.

Of the total, nearly VND64 trillion will be sourced from the city’s budget and the remaining from the State budget, official development assistance loans and private resources, the local media reported.

Many projects were expected to be completed this year, such as four main roads in the Thu Thiem New Urban Area, the Thu Thiem 2 Bridge, the Dong Van Cong Street expansion and an overpass in front of the New Mien Dong Coach Station in Thu Duc City and the Hang Ngoai Bridge in Go Vap District.

In addition, many key and urgent projects will be approved, including the HCMC-Moc Bai Expressway, the Ring Road No. 2, the An Phu intersection and the Thu Thiem 4 and Can Gio bridges and projects to expand national highways 50, 22 and 13.

Elevated roads Nos. 1 and 5, the new Mien Tay Coach Station and a project linking bus routes to metro line No. 1 are also expected to be approved this year.

According to the municipal government, more than VND970 trillion is needed to develop the traffic infrastructure in the city in the 2020-2030 period. The first projects to be executed in the period are the HCMC-Long Thanh-Dau Giay expressway expansion, the HCMC-Thu Dau Mot-Chon Thanh expressway, the Ring Road Nos. 2 and 3 and a road connecting Tran Quoc Hoan and Cong Hoa streets.

Moreover, the city will complete and put into operation the first metro line and start work on the second metro line, the first phase of the fifth metro line, a light railway linking the Thu Thiem Urban Area and the Long Thanh International Airport and inland clearance depots in Thu Duc City and Cu Chi District.

According to the municipal Department of Transport, it will coordinate with the relevant agencies and the authorities of Thu Duc City and districts to build a list of priority projects.

As of 2020, the total length of roads and bridges in HCMC reached over 4,500 kilometers. The city currently manages more than 8.3 million vehicles, including nearly 7.5 million motorbikes and over 785,000 autos. Its traffic infrastructure projects have failed to the meet the demand.

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