City Trunk Road in Local BT Form

By Thien Nhan

(SGT- HCMC) The first section of HCMC's north-south trunk road, between Ong Lanh Bridge to Binh Thuan Street, will be built by local firms under built-transfer terms, according to a decision of the authorities in late July.

The Section was split into two projects, one to build the Ong Lanh Bridge and to broaden Khanh Hoi Street, and the other to develop a bridge over the Te Canal and a road to Binh Thuan Street.

The two projects are expected to cost a combined VND 252 billion, of which VND 62 billion would be spent on compensation for site clearance and other expenditures. Investors will finance in advance their construction work, will be given an annual interest of 9.72% since the completed work is transferred.

The city would repay half of the investment upon transfer, one-fourth during the following year and the remaining one-fourth in the second year, officials said.

The projects are currently under tecchnical design, but unofficial sources said both of them would be awarded to the construction corporation Cienco under the Ministry of Communications and Transport.

In the first project, the 299m Ong Lanh Bridge will be set up with a load capacity of 30 tons. Khanh Hoi Street will be widened in to a four-lane 1.35km road running from the Nguyen Cong Tru - Nguyen Thai Hoc intersection to the Khanh Hoi-Road 14 intersection in Distric 4.

In the second project, which strarts at the end of the first, a four-lane 3.1km will be built. The bridge over the Te Canal will be 367m long with a 30-ton load capacity. Ngo Kiem Toan, vice chief of the board for urban construction projects under the city Service of Communications and Transport, said the first project was expected to begin construction on September 25 and the other in early November. Each would take 20 months to complete, he told the Daily yesterday.

The service has also proposed a substitution builder for the second section of the city north-south trunk road, between Binh Thuan Street to the Hiep Phuoc Industrial Park, also developed under the domestic BT form.

The Communications and Transport Works Company would replace Viet Ha Company which had withdrawn from this VND 150 billion undertaking. The investment would be recovered in three years with a 10% annual interest.

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