WB to finance $10m to renovate transport infrastructure in Da Nang

24/10/2017 11:00

The Memorandum of Understanding for Supervision of Da Nang’s Sustainable Development project between the city authorities and delegation of World Bank (WB) has recently been approved. 

 

 

Accordingly, WB will finance $10 million to renovate the intersection at the West of Dragon Bridge. Da Nang People's Committee is considering three options of research and design to choose the best one.

WB to finance $10m to renovate transport infrastructure in Da Nang
WB will finance $10 million to renovate the intersection at the West of Dragon Bridge

Specifically, option 1 is to build a two-way underground tunnel along Bach Dang Street, along with expanding the Hoang Van Thu Street to connect with Bach Dang Street for better traffic efficiency. Total cost for this project is estimated at VND 218 billion. Option 2 is to build two parallel underground tunnels in the direction of Bach Dang Street- Sept 2 Street and from Tran Phu Street - Trieu Nu Vuong Street, with total estimated cost of about VND276 billion. The last one is traffic at the same level of mobility with extended roundabout and landscape improvement. Total estimated cost for this option is about VND20 billion, of which the clearance cost accounts for 1.1 billion.

According to the an official of Da Nang’s Department of Transport, as the flow of vehicles moving from Son Tra district through Dragon Bridge to Hai Chau Bridge and vice versa is increasing fast, traffic jam usually occurs at this intersection during peak hours.

Since this is an important intersection in the inner city, the authorities predict that by 2022, there will be severe traffic congestion. Therefore, the Department of Transportation said the traffic junction in the West of Dragon Bridge needs improving as soon as possible.

In addition, WB also agreed with the Quang Nam People's Committee on the policy of investment to develop a bus rapid transit (BRT) from Da Nang to Hoi An.

(Source: Phap luat & Xa hoi) 

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