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Saturday, June 15, 2024

HCMC plans to invest VND4,300 billion for road expansion project

By Nguyen Tan

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HCMC – HCMC plans to allocate VND4,344 billion from its budget for the renovation and expansion of a 7.2 km section of Vinh Loc Street, spanning Binh Chanh and Binh Tan districts.

Initially, the HCMC People’s Council had passed a resolution to expand a 6-km stretch of Vinh Loc Road within Binh Chanh District, measuring 18 meters in width, with a scheduled project duration from 2016 to 2020. However, the project has remained dormant thus far.

The HCMC Department of Transport has recently submitted a proposal to the municipal People’s Committee, requesting approval to revise the project’s investment policy. According to the proposal, the expansion will cover the section of Vinh Loc Street from Tran Van Giau to Road 2A in Vinh Loc Industrial Park, with an estimated investment of VND4,344 billion.

The increase in investment costs can be attributed to the consolidation of compensation efforts with the road expansion projects, updated construction expenses due to changes in the investment scale, and heightened compensation costs, as explained by the department.

The expanded project will encompass a 7.2 km stretch, stretching 30 meters in width, commencing at Tran Van Giau Street on Provincial Road 10 and ending at Road 2A within Vinh Loc Industrial Park.

Once completed, this project promises to significantly ease traffic flow between Binh Chanh, Binh Tan, and Hoc Mon districts.

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