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Friday, October 7, 2022

Cost of Ring Road No. 3 section up by over VND1.6 trillion

By Minh Hoang

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HCMC – The estimated cost of the Tan Van-Nhon Trach section of the Ring Road No. 3 project, which will connect HCMC, Binh Duong, Dong Nai and Long An, has risen by over VND1.6 trillion after six years of delays.

The My Thuan project management board has sent a report on the progress of the first phase of the section to the Ministry of Transport. The section was designed to have a length of 8.75 kilometers and connect provincial road 25B in Dong Nai with the HCMC-Long Thanh-Dau Giay Expressway in HCMC.

The Tan Van-Nhon Trach section will have 6.3 kilometers in Dong Nai and 2.45 kilometers in HCMC.

The Ministry of Transport approved the investment for the section at VND5.33 trillion in 2016. At the time, site clearance for the sections in HCMC and Dong Nai would need nearly VND149 billion and VND476 billion, respectively.

The figures have increased by VND1.45 trillion and VND175 billion to nearly VND1.6 trillion and VND651 billion.

The My Thuan project management board suggested the Dong Nai government complete the capital allocation and related procedures at the earliest to hand over public land and the site for the CW1 package in early April.

In addition, the HCMC government should hand over State-owned land to start work on the Tan Van-Nhon Trach section early next month.

HCMC should also direct the Thu Duc City government and the relevant agencies to complete site clearance and compensation procedures and develop a detailed compensation plan.

The board also urged the Ministry of Transport to seek the prime minister’s approval to adjust the project.

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