HCMC transport authorities want $1-bln ring road sections approved this year

Fri, 16 Apr 2021 15:18:00  |  Print  |  Email   Share:

A section of the third ring road in Ho Chi Minh City pictured in December 2020.
Photo by VnExpress/Quynh Tran.

The HCMC Department of Transport wants final approval from the government for two sections of the third ring road to be built at an estimated VND24 trillion ($1.05 billion).

The two are among four sections of the key 90-kilometer road which will pass through the southern provinces of Binh Duong, Dong Nai and Long An.

One of them is the 19-kilometer Binh Chuan – National Highway 2, which goes up to Binh Duong Province.

It has an estimated price tag of VND11.7 trillion, and will have four lanes in the first phase and 6-8 later.

The second section, spanning 29 kilometers, will run from National Highway 22 to Long An Province, cost VND12.6 trillion and have four lanes to begin with and six later.

A Ministry of Transport agency that oversees the construction wanted the first section to get a $234-million loan from the Economic Development Cooperation Fund, and the second, a $309-million loan from the Asian Development Bank.

One 16-kilometer section of the ring road has been completed

By: Gia Minh/VnExpress

Source: https://e.vnexpress.net/news/business/economy/hcmc-transport-authorities-want-1-bln-ring-road-sections-approved-this-year-4263765.html


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