A map shows the plan for Ring Road 3 passing through HCM City and the provinces of Đồng Nai, Bình Dương and Long An. — Photo www.sggp.org.vn

HCM CITY — Đồng Nai authorities have approved investment for an 11-km section of Ring Road 3 in Nhơn Trạch District at a cost of VNĐ2.6 trillion (US$109.9 million), and construction is slated to start in June.

This is one of eight component projects of Ring Road 3, which passes through HCM City and the southern provinces of Đồng Nai, Bình Dương and Long An.

The 11.26-km section in Đồng Nai starts at Vĩnh Thanh Commune, Nhơn Trạch District and ends at the Nhơn Trạch bridge, which connects with Thủ Đức City in HCM City.

The ring road will have a total length of more than 76km, including 47.51km in HCM City’s Thủ Đức City and the districts of Củ Chi, Hóc Môn and Bình Chánh; 10.76km in Bình Dương Province’s Dĩ An, Thủ Dầu Một and Thuận An cities; and 6.81km in Long An Province’s Bến Lức District.

Last year, the Government approved investment to restart construction on the Ring Road 3 project after prolonged delays.

The construction is scheduled to restart at the end of June and be completed within three years.

The ring road is identified as one of the city’s key traffic projects in the 2021-25 period.

It will have six lanes designed for speeds of 80-100km per hour for commuting and two lanes for emergency stops.

Its total investment is estimated at VNĐ74.5 trillion ($3.15 billion), which will be sourced from the State budget, of which the central budget will allocate 50 per cent, and the localities of HCM City, Đồng Nai, Long An and Bình Dương are responsible for the other half.

The project was originally approved by the Government more than 10 years ago, but its construction has been often postponed due to a lack of funds and hurdles in site clearance.

Only the Tân Vạn-Bình Chuẩn section in Bình Dương Province has been completed and opened to traffic as of now.

The ring road is expected to assist in reducing traffic gridlock in HCM City’s gateway roads.

It will also help improve inter-regional traffic connections and create a new driving force for socio-economic development in the Southern Key Economic Region. — VNS