A section of the third ring road in Ho Chi Minh City pictured in December 2020. Photo by VnExpress/Quynh Tran.
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).
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.