Economy
Việt Nam treasures multifaceted cooperation with Côte d'Ivoire: Deputy FM
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| A map showing Ring Road No 3 and Ring Road 4 in HCM City. Photo courtesy of HCM City Department of Transport |
HCM CITY – HCM City is seeking approval from the Prime Minister to speed up implementation of the Ring Road No. 3 and Ring Road No 4 projects, Lê Hoà Bình, the city’s vice chairman, said.
Ring Road No. 3 is one of the four important ring roads in Việt Nam’s expressway network development plan.
Some sections of the No 3 and 4 ring roads have been built, but the city wants to speed up construction to complete the projects, which were approved 10 years ago.
The city has asked the PM to allow it to mobilise capital and decide on the type of investment mode, such as private-public partnerships, build-operate-transfer, or other forms.
Ring Road No. 3 is expected to help ease traffic congestion in HCM City as well as the transport of goods from Mekong Delta provinces to the Nhơn Trạch industrial zone and Cái Mép-Thị Vải deepwater port.
It will be 92 kilometres long with four sections, including Tân Vạn-Bình Chuẩn, Tân Vạn-Nhơn Trạch, Bình Chuẩn-National Highway 22, and National Highway 22-Bến Lức.
For the current project phase, more than 76 kilometres of the Ring Road No. 3 needs an estimated investment of VNĐ54.29 trillion (US$2.39 billion).
The Tân Vạn - Nhơn Trạch section, which is 8.75 kilometres long, will cost VNĐ6.955 billion (US$302,253), with the entire funding coming from the state budget.
Ring Road No. 4 project will help connect satellite urban areas in HCM City with other localities in the southern key economic zone, contributing to the region’s socio-economic development.
The road will be 198 kilometres long, have six to eight lanes, and require an estimated cost of VNĐ100 trillion (US$4.35 billion).
The project is divided into sections, but a feasibility report has only been completed for the Bến Lức-Hiệp Phước section, which will have a length of 35.8 kilometres. It requires an investment of VNĐ20 trillion (US$869.2 million).
Bà Rịa - Vũng Tàu, Đồng Nai, Bình Dương and Long An provinces and HCM City are in charge of research proposals on the 18.3km, 39.45km, 21.9km, 47km, and 16.75km sections of the Ring Road No.4 project, respectively. – VNS
