Recently, the Department of Transport of Ho Chi Minh City said that the Nguyen Khoai road and bridge project (going through District 1, District 4 and District 7) is one of 10 traffic projects of Ho Chi Minh City People's Committee that have been submitted to the City People's Council. HCM at the meeting taking place at the end of 2023.
Accordingly, the Nguyen Khoai street construction project has a total investment of more than 3,700 billion VND. Construction is expected to start in 2024 and be completed in 2027. This project connects from District 7, passing District 4 to District 1, which will reduce traffic pressure from the South to the center of Ho Chi Minh City. The completed bridge helps people travel more conveniently. At the same time, it affects the socio-economic picture in general and the regional real estate market in particular.
In addition to the Nguyen Khoai bridge and road, the transportation sector in the city is actively pushing the Thu Thiem 4 bridge and the Binh Tien road and bridge as means of expeditiously coordinating the traffic infrastructure in the southern region of Ho Chi Minh City.
In early 2023, Ho Chi Minh City Department of Transport proposed to build two more bridges connecting Thu Duc City and District 7 with Dong Nai province.
Accordingly, in District 7, it is proposed to build Phu My 2 bridge connecting the south of Ho Chi Minh City with Nhon Trach district, Dong Nai province. The route from Dong Nai River follows Hoang Quoc Viet Street (six lanes) and connects two lanes to Dao Tri Street (District 7), following Hoang Quoc Viet Street connecting the branch with Nguyen Luong Bang Street (District 7). ). Then, continue connecting to Nguyen Huu Tho street. The section from Nguyen Luong Bang street to Nguyen Huu Tho street has 4 lanes.
In fact, the South of Ho Chi Minh City is the area that most clearly demonstrates the philosophy of taking infrastructure as the core for socio-economic growth and causing real estate prices to increase.
Infrastructure projects with investment capital of up to billions of dollars are said to be a boost to help real estate in the South maintain stable prices and demand for many years.
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