19-Aug-2022 Intellasia |
The Saigon Times |
To facilitate the implementation of the HCM City Beltway No. 3 project, the government has approved the project’s construction timeline spanning three years, from June 30, 2023 to June 30, 2026.
The government on August 16 issued a resolution to carry out the National Assembly’s decision on the construction of the HCM City Beltway No. 3 project.
The authorities of HCM City, Dong Nai, Binh Duong and Long An are allowed to pick contractors for consulting, compensation and resettlement packages, instead of inviting competitive tenders.
The local authorities could simultaneously do necessary work to expedite the project’s execution.
Site clearance will start on October 1, 2022, and end on March 30, 2024. The technical design, selection of contractors and other pre-construction processes will take place between November 30, 2022, and June 30, 2023, and construction will have been completed by June 30, 2026.
Beltway No. 3 is planned to stretch over 76 kilometers across HCM City and three provinces, namely Dong Nai, Binh Duong and Long An.
The project will be financed by the State with total capital of some VND75,378 billion.
The city has a Beltway No. 2 project under construction with a total length of more than 64 kilometers. It is expected to be completed by the end of 2026, with around 50 kilometers already completed.
In addition, the 200-kilometer Beltway No. 4 is expected to cost some VND100,000 billion under the public-private partnership format. The road with six to eight lanes will connect HCM City, Binh Duong, Dong Nai, Long An and Ba Ria-Vung Tau.
In September 2021, prime minister Pham Minh Chinh agreed to assign the five localities to develop their respective sections of the beltway. HCM City is responsible for the Saigon River-Thay Cai Canal section stretching 17 kilometers.
Category: Business, Vietnam
Article source: https://www.intellasia.net/government-approves-hcm-city-beltway-no-3-project-timeline-1080933