The Ho Chi Minh City Infrastructure Investment Joint Stock Company (CII) has proposed the construction of expressways and upgrades to roads under the build-operate-transfer (BOT) model in the 2024-2030 period with total investment of VND75 trillion ($3.12 billion).

They include the second phase of the Ho Chi Minh City - Trung Luong - My Thuan Expressway, with an estimated cost of VND22 trillion ($916 million).

Other projects will expand National Highway No. 1A with total capital of nearly VND12 trillion ($500 million), and improve traffic capacity along the Pham Van Dong - Nguyen Xi - Ung Van Khiem - Nguyen Huu Canh route with investment of over VND10.1 trillion ($420 million).

Remaining projects will expand Nguyen Huu Tho and upgrade a link to the Ho Chi Minh City - Trung Luong Expressway, with total investment of VND6.6 trillion ($275 million) and VND5 trillion ($208), respectively.

These projects are expected to contribute to addressing traffic congestion in the city, according to CII.