The Ho Chi Minh City Department of Transport has presented a project to build Nguyen Van Linh-Nguyen Huu Tho Intersection, District 7 with total capital being expected at VND2,620 billion (US$116.59 million).
|Nguyen Huu Tho Street in District 7, HCMC (Photo: SGGP)|
The department plans to implement the project in two phases. The first phase will build a tunnel under Nguyen Van Linh Street and traffic light system at nearly VND840 billion(US$37.38 million).
The second phase will construct other items of the project and enlarge Nguyen Huu Tho Street at a total fund of VND1,780 billion, of these VND1 trillion for site clearance.
The city People’s Committee has tasked Tan Thuan Industrial Promotion Company to work with Phu My Hung Development Company to consider and negotiate investment cooperation measures under BT form (Build-Transfer).
Nguyen Van Linh-Nguyen Huu Tho crossroads is among hot traffic jam spots in HCMC.