In 2018, HCMC real estate benefited from large transportation projects

Open knots at the gateway to the city
Mr Nguyen Thanh Phong, Chairman of HCM City People’s Committee, said that the development of transport infrastructure is in the 7 programs of the city’s renovation period from 2016 to 2020. In which, capital budget to build infrastructure The implementation of the program to reduce traffic congestion in 2017 is more than 11,000 billion, the accumulated value of 2016-2017 for two years is more than 20,000 billion, reaching 33.6% of the plan for 2016-2020, the remaining capital The period from 2018 to 2020 is nearly 50,000 billion VND.

Phong said that the biggest priority for 2018 is to build roads such as gateways to the city, radial roads, especially Cat Lai, District 2 and the yard. Tan Son Nhat International Airport, Tan Binh District.

In 2017, Ho Chi Minh City has ground-breaking large transport projects gateway to the city center and these projects will be completed in 2018. For example, in May 2017, Ho Chi Minh City constructed two underground tunnels on two parallel roads of Ha Noi Highway, at the intersection of Station 2 (District 9 – Thu Duc) with the total cost of 165.4 billion VND , expected to be completed in the third quarter of 2018.