The Build-Transfer (BT) VND4.26 trillion (US$200 million) project will be complete by the end of April, 2018. A 1,465m six-lane bridge will connect the Ton Duc Thang-Le Duan intersection in District 1 with R1 route in Thu Thiem Urban Area of District 2 over Sai Gon River.
The suspension bridge is 113m high featuring a dragon design. As a gate to the city’s centre, the bridge will give a facelift to the area over Sai Gon River including an artistic light system that will be visible during the day and at night.
Speaking at the ceremony, Minister of Transportation Dinh La Thanh spoke highly of the city’s initiative in mobilising various capital resources for transportation infrastructure development, contributing to improving transportation in Ho Chi Minh City and the south-east region.
He stressed the importance of the project for the transportation infrastructure of the city and the country, and assigned the city’s authorities to create favourable conditions for conducting site clearance and ensuring traffic safety during the project’s implementation.
According to Tran Ba Duong, Director of the Dai Quang Minh Real Estate Investment Joint Stock Company, the project’s investor, the bridge is significant in boosting socio-economic development and addressing traffic congestion in the city’s centre.
The Ho Chi Minh City Municipal People’s Committee has requested Prime Minister Nguyen Tan Dung allocate 13.6 hectares of land to the investor in order to carry out another project, the request has now been approved.