Ho Chi Minh City People's Committee has just approved the assignment of the Joint Venture of Deo Ca Group Joint Stock Company and Tri Tin Trading and Investment Co., Ltd. to research and prepare a Report proposing investment policies for the project to build an elevated road along Ring Road 2 in the South (Nguyen Van Linh road) according to the public-private partnership (PPP) method.
According to the proposal, the elevated road will be built along the median strip between the existing Nguyen Van Linh street with a scale of 6 lanes.
The project also builds 7 grade-separated intersections at key traffic locations including: Ring Road 2 West branch, Inner Ring Road, Pham Hung, Nguyen Luong Bang, Nguyen Huu Tho streets, National Highway 50 and National Highway 1A.
The starting point of the route connects the Thu Thiem 4 bridge area, the ending point is National Highway 1, with a total length of nearly 18 km. The project is proposed to be implemented in the period 2026 - 2029.
The Ho Chi Minh City People's Committee requests that in the project research process, investors must fully assess the investment necessity, socio-economic efficiency, as well as the advantages of PPP form compared to other investment models.
Ho Chi Minh City also requests to review the suitability of planning, synchronous connection with technical infrastructure systems, key traffic projects, urban railways and propose effective traffic organization plans for the entire southern area of the city.
The entire cost of research and preparation of the Investment Policy Proposal Report is self-balanced by the investor consortium, without using state budget. The time to complete the dossier to submit to competent authorities is 6 months from the date of issuance of the project research approval document.
The Ho Chi Minh City People's Committee also emphasized that assigning research and reporting does not mean appointing investors to implement the project. The selection of official investors will be organized in accordance with current legal regulations.
Nguyen Van Linh road was started in 1996 by Phu My Hung Development Co., Ltd. invested in the form of BT with a total capital of about 100 million USD (more than 2,300 billion VND), completed and put into operation on the entire route from 2007.
This is one of the vital traffic axes of Ho Chi Minh City, connecting the West with the East and South of the city.
According to the Ho Chi Minh City Department of Construction, the road currently has a cross-section of 10 - 14 lanes, organizing two-way traffic with a green median strip in the middle. Although many sections have separated car lanes and mixed lanes, the route still has many intersections at the same level, so congestion often occurs, especially during peak hours.
In the near future, a series of large transportation projects connecting to Nguyen Van Linh street will be implemented, sharply increasing the traffic volume on the entire route.
Therefore, the investment in the elevated road and the grade-separated intersection system is expected to contribute to solving congestion and increasing traffic capacity for the Southern area of Ho Chi Minh City.
