HCMC – The Long An government has proposed allowing companies to invest in a section of the Ring Road No. 3 project that will run through the Mekong Delta province aimed at speeding up the construction of the key traffic route, according to the provincial government.

A map depicts Ring Road No. 3. Long An Province has proposed allowing firms to invest in a section of the Ring Road No. 3 project that will run through the Mekong Delta province – PHOTO: TNO

The section will be 6.65 kilometers long, have six lanes and cost VND4.63 trillion. Of the total investment, site clearance will cost VND1.6 trillion, Thanh Nien Online reported.

The provincial government had earlier passed a plan allowing the Investment and Industrial Development Corporation (Becamex IDC Corp.) and Vietnam-Singapore Industrial Park Joint Venture Co. to study and map out a 1/2,000 master plan for the Becamex-VSIP Service-Industrial and Urban Area project in Ben Luc District. The project is set to cover some 2,300 hectares, with some 4.7 kilometers of the Ring Road No. 3 cutting through.

As such, the investors proposed allowing them to implement the site clearance works for the 4.7-kilometer section and invest in two parallel lines in line with the master plan.

The solution was appropriate, said the Long An government, proposing the Ministry of Transport ask the Government and relevant ministries and departments for opinions so that Long An Province can hold tenders and choose investors to speed up the project.

Due to its limited budget, the province also proposed the Ministry of Transport use the capital from the central budget to develop the remaining 1.95 kilometers of the section of the Ring Road No. 3.

The Ring Road No. 3 project was approved by the prime minister in 2011. The 89.3-kilometer-long Ring Road 3 will pass through Dong Nai, HCMC, Binh Duong and Long An. As planned, the ring road would be completed by 2020, but a mere 16.3 kilometers of the road running through Binh Duong Province has been completed, accounting for 17.9% of the total length.

The Saigon Times