HANOI, NOVEMBER 25 (Engineering Daily) -- HCMC People’s Committee has approved the proposal of Department of Planning and Investment to assign the Joint Stock of Phat Dat Real Estate Development JSC – Infrastructure Investment and Development No. 620 JSC – Construction Investment and Development No. 168 JSC to prepare the Ring Road 2 construction scheme, section Highway No. 1 - Nguyen Van Linh street under PPP model.
The Ring road 2 is important for HCMC’s traffic. The whole route is divided into 4 projects. Before, HCMC had constructed the road linking Pham Van Dong street with intersection Go Dua, Highway No. 1 with length of nearly 3 km.
The remaining 3 projects includes the section from bridge Rach Chiec No. 2 to Ha Noi boulevard; intersection Binh Thai to Pham Van Dong street; and intersection An Lap to Nguyen Van Linh street.
In which, there are 2 projects that HCMC People’s Committee has planned to invest under PPP model. However, due to no feasible financial plan, the projects have not been approved and implemented.