HCMC wants private investors to renovate road traffic system

Traffic jam on National Highway 13 in HCMC's Thu Duc City, January 29, 2023. Photo by VnExpress/Gia Minh

HCMC wants to upgrade national highways and routes linking it with other localities under the build-operate-transfer (BOT) method, according to a proposal made by the Department of Transport.

The city currently only uses the BOT method to build new road projects.

As proposed by the Transport Department to the Department of Planning and Investment, the BOT method will be applied to renovate three highway sections. The projects include the VND12.2-trillion (US$523.67-million) expansion of National Highway 13 in Thu Duc City from 19 meters wide to 40-60 meters wide, a VND12.9-trillion project to enlarge National Highway 1 that links the city with the Mekong Delta from 19 to 52 meters wide, and a VND1.2 trillion project to upgrade National Highway 22 near its northwestern gateway to the industrial hub of Binh Duong Province.

Full Story: https://e.vnexpress.net/news/news/hcmc-wants-private-investors-to-renovate-road-traffic-system-4565971.html