|Linking up: A part of the Belt Road 3 project located in Bình Dương Province. – Photo tuoitre.vn|Viet Nam News
HCM CITY – HCM City will use a US$278 million loan from the Asian Development Bank (ADB) for the fourth phase of Belt Road 3 project extending from National Highway No.22 to Bến Lức District in Long An Province.
Belt Road 3 will be 28.9km long and is expected to be complete in 2020, according to Diệp Bảo Tuấn, deputy director of the transport ministry’s Cửu Long Corporation for Investment, Development and Project Management of Infrastructure.
ADB has funded a total of 47km for the project from Bình Dương Province’s Thuận An District to National Highway No 22 in HCM City’s Hóc Môn District, as well as from National Highway No 22 to Bến Lức District in Long An Province.
The Belt Road 3 project, which received approval from the Prime Minister, has a total length of 89.3 km and runs through HCM City and the provinces of Đồng Nai, Bình Dương and Long An.
The project has six lanes with 80-100km/h speed will be used for commuting and two lanes will be used for emergency stops.
The road, which will connect highways and national roads, is expected to reduce congestion in the inner city and boost inter-provincial transport services.
The project has total investment of VNĐ55.81 trillion (US$2.45 billion) sourced from the State budget, Official Development Assistance and the private sector. – VNS