The ring road trough the southern provinces of Dong Nai, Long An, Binh Duong and HCMC has the length of over 90 kilometer.
In the petition, People’s Committee asked People’s Council for approval of advancing the city’s budget for site clearance while awaiting the Ministry of Transport consulted formalities and project investment plan.
State-owned Cuu Long Corporation for Investment, Development and Project Management of Transportation Infrastructure said the Ring Road No.3 includes three sections through Tan Van - Nhon Trach in Dong Nai province; My Phuoc - Tan Van in BInh Duong province and Ben Luc in Long An.
The first phase of the Ring Road will build a four-lane section or six-lane sections.
Total cost of the first phase is over VND20 trillion ($856.8 million) ; of which the state budget will be VND10,697 billion. It will be built under the private-public partnership (PPP) format with the government’s support.
Site clearance cost is about VND5,633 billion. Localities are considering to advance the cost including VND2,939 billion for HCMC; VND2,055 billion for Binh Duong and VND639 billion for Long An and then the government will refund them by loans from the Asian Development Bank.
It is scheduled that technical design will be completed by 2020.
The project which was approved by the Prime Minister in 2011 and adjusted in 2013 includes four sections. The section one running from Nhon Trach to Tan Van in Dong Nai Province with over 30 kilometers in length.
The second section, with a total length of 16 kilometers, running from Tan Van in Dong Nai to Binh Chuan in Binh Duong Province, has been put into operation.
The third section, Binh Chuan to the National Highway 22, is 17 kilometers long, while the remaining National Highway 22-Ben Luc section is 30 kilometers long.