Ho Chi Minh City’s Department of Transport has approved a 333 billion VND (approx 15.6 million USD) project to upgrade and broaden Tran Nao street in District 2.
The project aims
to meet the city’s increasing transport demands following the
development of the Thu Thiem new urban area in the district.
Accordingly, nearly 40,000 sq.m of land will be used for constructing the road, which will be 1.308 km long, with six lanes and a designed speed limit of 60km/h.
Along with systems of water drainage, lighting and greenery, 110kv underground high voltage systems and a 220kV transmission line will also be set up in the framework of the project.
The municipal People’s Committee has also decided to allot nearly 400,000 sq.m of land for the Dai Quang Minh Real Estate Investment JSC to build four main roads in the urban area.
These roads, with a total length of 11.9 km, will cost over 12 trillion VND (564 million USD) and they are expected to be completed in early 2017.