An image of Thu Thiem 2 Bridge in HCM City. The Thu Thiem 2 Bridge will run from the Le Duan  - Dinh Tien Hoang junction to the Ton Duc Thang - Nguyen Huu Canh junction before crossing the Saigon River. — File Photo

HA NOI (Biz Hub) — The People's Committee in HCM City has appointed the Dai Quang Minh Real Estate Investment Joint Stock Company as the investor in the Thu Thiem 2 Bridge project.

The firm replaces the Vietnam Construction and Import-Export Joint Stock Corporation (Vinaconex), which had been assigned to research and invest in the project since 2009, but had failed to set a construction date so far.

As planned, the bridge will be built at the location of the Ba Son Ship Building Factory, and will go over the Ton Duc Thang-Nguyen Huu Canh road junction to link with the Le Duan-Dinh Tien Hoang intersection.

The six-lane bridge will be constructed under the BT (build-transfer) strategy with an investment capital of VND2.3 trillion (US$109.5 million). — VNS