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The Saigon Times

Saigon Times Group is a leading Vietnamese media organization with prestigious business and consumer publications. After three decades of development, we have built a good reputation through our publications on economy, business and markets for Vietnamese and foreign readers.

Basic

Free

  • Free access to daily domestic news, podcasts and videos

Premium

$5 $1 /month
(VND 23,900)
Monthly Annual

  • Unlimited access to domestic news, podcasts, videos and magazine articles on current social / economic / trade / investment issues, commodity / financial/securities markets, M&A activity, FDI, local and foreign business communities and more.

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28.9 C
Ho Chi Minh City
Friday, April 18, 2025

HCMC to upgrade four key gateway roads

By Binh Duong

Must read

HCMC – The city plans to upgrade four major gateway roads at a total cost of VND58 trillion.

The HCMC Department of Transport has finalized pre-feasibility studies for the upgrade and expansion of national highways 1, 22, and 13, and the North-South axis under the build-operate-transfer (BOT) model.

The pre-feasibility studies have been submitted to the city’s People’s Committee for review, local media reported.

These projects will be carried out under the framework of the National Assembly’s Resolution 98 on special policies for the city and the HCMC People’s Council’s Resolution 79, to enhance connectivity and ease traffic congestion.

The planned upgrades include National Highway 1 from Kinh Duong Vuong to Long An, National Highway 22 from An Suong to Beltway No. 3, National Highway 13 from Binh Trieu to Vinh Binh bridges, and the North-South axis from Nguyen Van Linh to the Ben Luc–Long Thanh Expressway.

The largest project, upgrading National Highway 13 between Binh Trieu and Vinh Binh bridges, spans 6.3 kilometers and has a total investment of over VND21.7 trillion.

Of this, VND14.7 trillion will come from the state budget, while the investor will contribute VND7 trillion. The toll collection period is expected to last 21 years and four months.

The National Highway 1 expansion through Binh Tan and Binh Chanh districts will cover 9.62 kilometers, requiring VND16.3 trillion. The city budget will provide VND9.6 trillion, with the investor mobilizing VND6.7 trillion, including loan interest.

National Highway 22, spanning over eight kilometers from the An Suong interchange to Beltway No. 3, will require VND10.5 trillion, with VND6.2 trillion from the state budget and VND4.2 trillion from private investment.

The North-South axis upgrade, running 8.6 kilometers through District 7 and Nha Be District, has a total investment of VND9.9 trillion. The city budget will cover VND4.7 trillion, while BOT funding will exceed VND5.2 trillion.

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