HCMC-Trung Luong Expressway to be expanded to 10 lanes
HCMC – The Mekong Delta province of Tien Giang has approved a plan to expand the HCMC-Trung Luong Expressway
The Mekong Delta consists of 13 provinces and cities, is one of seven major economic regions of Vietnam, and has a lot of potential for agriculture, and industry... Recently, this area has received a lot of attention in infrastructure investment by constructing a system of highways, seaports, and inland waterways, creating a driving force for development for the whole region.
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According to the road network plan for the period 2021-2030, with a vision to 2050, the Western region will have six expressways with a total length of 1,166 km, with 4-6 lanes. Up to now, the Mekong Delta has been completed and put into operation on a scale of phase one (4 lanes) with a total length of 171 km, including sections of the Ben Luc - Trung Luong expressway (40 km), Trung Luong - My Thuan (51 km), Cao Lanh - Lo Te (29 km) and Lo Te - Rach Soi (51 km).
Expected that by the end of this year, the first phase of the My Thuan - Can Tho expressway will be completed (4 lanes, 17 m wide, about 22 km long). When open to traffic, this road will connect with the Ho Chi Minh City - Trung Luong - My Thuan route, helping to shorten the time from Saigon to Tay Do to only 3 hours.
Ho Chi Minh City - Trung Luong ExpresswayIn terms of airways, many airlines have also increased the opening of routes connecting the Southwest with other regions, contributing to creating momentum and promoting trade. Specifically, Bamboo Airways will open a direct flight connecting Ca Mau and Hanoi from April 29. Vietjet also started operating the Can Tho - Van Don route on April 25.
Many investors said that convenient transportation not only contributes to stimulating trade and tourism development but also creates good conditions for localities to attract investment, including real estate.
In addition to the infrastructure development, the Mekong Delta also has the advantage of a 700 km long coastline, a long border with Cambodia, Thailand, and convenient connections between Ho Chi Minh City and the Southeast.
According to experts, the real estate market in this area will have more room for growth if there are more deep-water ports, attracting goods near Ho Chi Minh City, and promoting the development of the marine economy.
Besides, the land price level in the area is still low, along with the advantage of infrastructure being deployed to help investors have more opportunities to catch the potential price increase.
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In recent years, the real estate market here has witnessed the landing of many businesses such as Vingroup, Sovico, KITA Group, Dat Xanh, and SunGroup... Especially, KITA Group is currently the investor in the Star City - Stella Mega City project in Can Tho City (basically completing the base, and handing over some products) and Stella Mega City Phu Hoa in Vinh Long.
