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Sunday, June 23, 2024

More capital proposed for 11 infrastructure projects in HCMC

By Minh Hoang

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HCMC – The HCMC Department of Transport has proposed the municipal government add over VND30.5 trillion to the city’s 2021-2025 medium public investment plan to develop 11 projects to ease traffic congestion and increase connectivity with seaports.

The department proposed adding capital to a project which was approved in principle to upgrade and widen Nguyen Duy Trinh Street in Thu Duc City to facilitate traffic from/to Phu Huu and Cat Lai ports. The road will be expanded from 7-8 meters to 30 meters, starting from Beltway No. 2 to the Phu Huu industrial park, with a total cost of over VND1.6 trillion.

Among six planned projects, three sections of Beltway No. 2 will be developed at a total cost of over VND26 trillion after the proposal is passed.

In addition, the city will build the Thu Thiem 4 bridge, complete the 2.3-kilometer-long eastern ring road linking the Phu My bridge and the My Thuy intersection, and develop a route connecting the Cat Lai port with the Phu Huu port.

The department also proposed allocating capital to four new projects, including widening the eastern ring road from six lanes to 12 lanes, expanding the road connecting Nguyen Van Linh with the Ba Chiem bridge from four lanes to 10 lanes and upgrading the Binh Phuoc 1 and Binh Trieu 1 bridges.

The proposal was sent by the municipal department to the HCMC government five months after the city started collecting fees from users of infrastructure facilities and public services at seaport terminals in the city from April 1.

As of August 18, the city’s revenue from seaport fee collection had amounted to over VND1 trillion. The revenue will reach some VND16 trillion by 2025 and will be used to develop the projects connecting with seaports, according to the department.

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