The current station, which is located on Kinh Duong Vuong Street in Binh Tan District, has been blamed for causing chronic traffic congestion in the area at rush hour.
The new station, which will be built over an area of 17 hectares in An Phu Tay Commune, Binh Chanh District, is expected to handle 50,000 passengers every day with 2,500 buses leaving the station daily on average.
A detailed construction plan is being developed by state-owned Saigon Transportation Mechanical Corporation (SAMCO), which looks to finish the plan no later than April.
A site clearance compensation budget of VND726 billion (US$32.41 million) has also been prepared by SAMCO, which will work with the administration of Binh Chanh District to finish the clearance in the third quarter of this year.
Over 24 hectares of land will be cleared for the project, including 17 hectares for the station and 4.33 hectares for National Highway 1A and a depot for Bus Rapid Transit (BRT) buses that will be connected to the station in the future.
The new station will be structured in accordance with the transit oriented development (TOD) model, which maximizes the amount of residential, business and leisure space within the walking distance of public transport.
The future station will also be linked to such public transport systems as metros, monorail routes, BRT and regular buses, according to its developer.
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