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Project Highway 50: the highest compensation is VND9.22 million/ sqm

Project Highway 50: the highest compensation is VND9.22 million/ sqm

HCMC People’s Committee has just approved the addition of residential land price to calculate compensation and support for 10 locations in upgrading Highway 50 in 4 communes of Binh Hung, Phong Phu, Da Phuoc, Quy Duc, Binh Chanh district.

According to the plan of the People’s Committee Ho Chi Minh City, Highway 50 from Ho Chi Minh City to the lagoon of Tien Giang province, 88 km long, completed construction to the standard of grade III road, 2 lanes. In particular, the section through Ho Chi Minh City has a length of about 8.5 km.

Project Highway 50: the highest compensation is VND9.22 million/ sqm
Project Highway 50: the highest compensation is VND9.22 million/ sqm

At present, dozens of households in Binh Chanh have not relocated to open National Highway 50. Cuu Long Transport Investment and Development Corporation has proposed to the People’s Committee of Ho Chi Minh City. Ho Chi Minh City accelerated compensation and clearance to implement the project to expand Highway 50 from Ho Chi Minh City. It has a total length of 8.5 km, including 4 km of new road.

In the past time, National Highway 50 through the provinces of Long An, Tien Giang, Ben Tre, Tra Vinh and bridges over the My Loi and Co Chien rivers have been completed and put into operation.

Meanwhile, the passage through Ho Chi Minh City has not been invested has increased the pressure on the National Highway 50 from Ho Chi Minh City to the provinces and vice versa, causing congestion and affecting the traffic order and safety of the area.

At the end of 2016, HCM has a proposal to the Ministry of Transport to report to the Prime Minister to consider and approve the transfer of National Highway 50 pass through Ho Chi Minh City. Ho Chi Minh City has deployed the investment in accordance with planning, soon put into use, serving the need of circulation and transportation of goods of the people. At the same time, the traffic pressure in the HCM southern gateway area was solved.

You are reading the article Project Highway 50: the highest compensation is VND9.22 million/ sqm 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).

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Project Highway 50: the highest compensation is VND9.22 million/ sqm
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