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

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).

Vietnam, HCMC, ring road

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.

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