Blog

Accordingly, the underground tunnel project at Nguyen Van Linh – Nguyen Huu Tho intersection (District 7) will consist of two phases. Phase 1 with a total investment of VND839 billion will be implemented from 2016 to 2017.

Phase 2 is the completion of intersection with the plan to build two overpasses and two tunnels with a total cost of up to VND178.0 billions Of which, VND780 billion is the work for the construction and VND1,000 billion is used in the clearance.

Two underground tunnels and two overpasses with a total budget of VND230.0 billion will help remove the knot at Nguyen Van Linh – Nguyen Huu Tho (District 7).

The focus of this project is the construction of two underground tunnels on Nguyen Van Linh Street, going underground via the Nguyen Van Linh – Nguyen Huu Tho intersection with a length of 480m (including two tunnels and underground tunnels). Of which, underground tunnel under the Nguyen Van Linh – Nguyen Huu Tho intersection is about 80m long; The tunnel of the Tan Thuan Export Processing Zone is about 200m long and 200m on National Highway 1A. Each tunnel has 3 lanes with a width of 13.75m.

This underground tunnel project was illegally issued by the People’s Committee of Ho Chi Minh City to help solve traffic congestion at Nguyen Van Linh – Nguyen Huu Tho (District 7).

Meanwhile, in the East Saigon, HCM City People’s Council has also approved large projects with a total investment of up to VND271.9 billion, including the expansion of Nguyen Thi Dinh (district 2) the left bank of the Saigon River, the construction of the Long Bridge, …

Accordingly, Ho Chi Minh City People’s Council approved the policy to adjust the total investment in the construction of the Long Bridge from VND91 billion to VND450.48 billion. The project to renovate, upgrade and expand Nguyen Thi Dinh Street (section from My Thuy intersection to Cat Lai ferry) with 6 lanes of motorized vehicles and 2 combined lanes will also be adjusted from VND645.45 billion to VND1,145.45 billion.

The list of 5 public investment projects of Group B with a total investment of VND 718.8 billion has also been approved. Of which, the project of constructing Rach Rop 1 Bridge (stage 2) with the investment capital of VND152.6 billion and Muong Lon 1 bridge will have an investment capital of VND161.1 billion.

~~>>See more information about the real estate market here: Vietnam real estate market

The policy of investing in the left bank of the Saigon river (the remaining section) from Cau Ngang canal to Thu Thiem Urban Area has been approved with the total investment of VND 992.75 billion (in which, the city budget is VND 404.46 billion, the central budget is 588.29 billion). The project will consist of Culvert + Concrete embankments L = 8.2 km and crest height of 2.7 m.

You are reading the article Ho Chi Minh City: Opening The South Gate, Expanding The East in the Real Estate category at https://realestatevietnam.com.vn/.
Any information sharing, feedback please email to info@realestatevietnam.com.vn, Hotline 0909890897 (24/7).
Special thanks!