HCMC gets 1 mln USD to improve transport system

23/01/2008 -- 8:51 PM

Ha Noi (VNA) – The Asian Development Bank (ADB) through the Japan Special Fund is providing 1 million USD grant to prepare a feasibility study to complete the partially constructed second ring road in Ho Chi Minh City. The project, one of four ring roads planned for Ho Chi Minh City, will help decongest Viet Nam’s economic hub and relieve it of large volumes of heavy truck traffic heading to and from the port area south of the city centre. Much of the second ring road has already been built and is in use, but a large part of the eastern section and a segment of the western section have yet to be completed. The technical assistance will have two components - a feasibility study for the construction work required to complete the second ring road and assistance for the management of the Ho Chi Minh City urban road network. The Vietnamese Government is contributing 250,000 USD to complete the funding, the Manila-based bank said in a press release on January 23.-Enditem
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