TẠP CHÍ ĐIỆN TỬ
HCMC to invest $44mln in expanding inner road
2km-long Chu Van An Road is often congested and is in need of expansion.
The Ho Chi Minh City People’s Council has approved an increase in the investment capital for expanding Chu Van An Road to VND1.067 trillion ($44.4 million).
The 2km-long road is one of the main transport arteries in Binh Thanh district, but the section from the Binh Hoa intersection to Phan Chu Trinh Road is narrow and often congested.
Explaining the capital increase, the Binh Thanh District People’s Committee said the project requires a huge amount of land clearance. An estimated 11,000 sq m of land will be revoked for the project, while land prices keep increasing.
Some 92 per cent of the capital will be earmarked for site clearance and compensation.
The project was approved seven years ago with initial investment capital of VND677 billion ($28.2 million). It will expand the 900-meter section from Binh Hoa intersection to Phan Chu Trinh Road to 25 meters.
