The total cost for the project is VND830 billion (US$35.4 million).
A rendering of the future intersection, created by the Ministry of Transport. Image via Tuoi Tre.
According to the HCMC Department of Transportation, officials recently gave the green light for a project which aims to reduce congestion at the intersection between Nguyen Van Linh and Nguyen Huu Tho streets in District 7, Tuoi Tre reports. This area often sees serious traffic jams due to heavy truck traffic.
The main components of the project are the construction of a roundabout with a diameter of 60 meters and two tunnels with a total length of 480 meters. The project is expected to start at the end of 2019 and finish by 2022.
The Nguyen Van Linh-Nguyen Huu Tho tunnels belong to a larger construction project in the area that was approved in late 2016, though progress has been slow. In March this year, the city decided to remove the investor of the project, which was Tan Thuan Industrial Promotion Company Limited (IPC), claiming they wedre slow and incompetent.
The project, which includes the construction of the tunnel, developing a traffic network between the Nguyen Van Linh-Nguyen Huu Tho intersection and Rach Dia Bridge, and compensation for site clearances, was then divided into three individual entities.
The newly established HCMC Management Board of Investment and Construction of Traffic Projects will now oversee the work, according to the news source. The relocation and compensation component, meanwhile, has been handed over to the site clearance compensation management board of the District 7 People’s Committee.
[Photo via Cafef]
