Sunday, December 09, 2007

Viet Nam’s first overhead road to be built in HCM City

Viet Nam ’s first overhead road will be built in Ho Chi Minh City , the country’s biggest economic hub, to help ease traffic congestions.

The road, which will go through districts 1, 2, Tan Binh, Phu Nhuan and Binh Thanh, will be constructed at a total cost of 4.7 trillion VND in the Build-Operate-Transfer form, with the GS E&C Co. from the Republic of Korea being the investor.

A memorandum of understanding on the project was signed in Ho Chi Minh City on December 6 by Tran Quang Phuong, Director of the Municipal Department for Transport and Public Works, and Lee Hwi Sung, Vice President of the GS E&C Co.

Under the MoU, the construction of the 10.8-km-long and 17.6-m-wide road is expected for completion in 4 years.

The GS E&C Co. plans to will organise a seminar on the designing of the road soon.