Over 1,000 billion VND to expand 600m of road in Ho Chi Minh City

The city spent more than 1,000 billion VND to widen 600m of Chu Van An Street in Binh Thanh District from 5-6m to 23m, the highest cost among road upgrade projects in the area.

The project to upgrade and expand Chu Van An Street from Binh Hoa intersection to Phan Chu Trinh, 600m long, has just been approved by the Ho Chi Minh City People's Council to adjust the investment policy with a total capital of 1,067 billion VND. The reason is due to changes in scale and implementation time.

With the above investment level, this is the project with the highest budget among the road upgrading and expansion projects in the city. The project is currently invested by the Binh Thanh District Construction Investment Project Management Board, implemented from now until 2026.

Location of Chu Van An Street to be expanded. Graphics: Dang Hieu

Explaining the high capital level, a representative of the People's Committee of Binh Thanh District said that the project required a large amount of land clearance. Of the total capital, the estimated compensation cost accounted for nearly VND982 billion (about 92%). Specifically, there were 176 affected cases, with a total recovered area of ​​nearly 11,000 m2.

"The project is located in a developed urban area, the price is also calculated close to the market, has changed a lot compared to before, so the total cost is high," said a representative of Binh Thanh district.

Chu Van An Street is nearly 2 km long, one of the main traffic routes in Binh Thanh District, connecting many major roads such as Dinh Bo Linh, Phan Chu Trinh, No Trang Long, Phan Van Tri... In particular, the section from Binh Hoa intersection to Phan Chu Trinh Street is being "bottlenecked" causing frequent traffic jams, affecting people's travel as well as business activities on both sides.

Chu Van An Street is 5-6 m wide, so traffic is often congested, December 2023. Photo: Gia Minh

Seven years ago, the city approved the investment policy to upgrade the above road with a total length of 900 m, expanding it to 25 m. At that time, the project had a total investment of about 677 billion VND, of which the land clearance cost was nearly 500 billion VND. After many years of not being implemented, the project was adjusted with an expanded scale and scope to synchronize the surrounding infrastructure. However, the investment capital increased because the land price was much higher than before.

Previously in September, the Ho Chi Minh City People's Council approved the investment policy for the Ring Road 2 project, the section from Phu Huu Bridge to Vo Nguyen Giap, 3.5 km long, with a total investment of more than VND9,300 billion. This is also the most expensive traffic project in the city, with an average investment of more than VND2,600 billion per km to complete. This project has a high investment capital due to the majority of compensation, with a total cost of about VND6,675 billion.

According to experts, road construction costs depend on many factors such as location, number of lanes, overpasses, intersections, etc. However, roads in inner cities will be much more expensive than in rural areas and agricultural land.

Gia Minh

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