HCMC – The government of Thu Duc City in HCMC today, December 29, handed over 34 hectares of cleared land to the My Thuan Project Management Board to develop the Tan Van-Nhon Trach section, called component 1A, part of the Beltway No. 3 project.
The Tan Van-Nhon Trach section requires nearly VND7 trillion in investment and a total of 35.7 hectares of land in Thu Duc City, the local media reported.
The remaining 1.7 hectares of land in the city for the project will be handed over in the first quarter of 2023.
Land clearance and compensation processes are moving sooner than expected, said Thu Duc City Chairman Hoang Tung.
Tran Van Thi, director of the My Thuan Project Management Board, said that the land handover was 95.7% complete, contributing to executing the project on schedule as assigned by the prime minister.
After receiving the cleared land, the investor will start work on approach roads to the HCMC-Long Thanh-Dau Giay expressway and work with contractors and consulting units to ensure the quality and progress of the project to open the road to traffic in late 2025, Thi said.
The land handover for component 1A reached a record pace, HCMC Vice Chairman Bui Xuan Cuong said, explaining that when work on the project began in September, the handover met a mere 30%, but now over 95% of the land was handed over.
The 8.2-kilometer-long Tan Van-Nhon Trach road will have six lanes and allow a maximum speed of 80 kilometers per hour. The route will play a key role in connecting HCMC with Dong Nai and other neighboring provinces.
Ring Road No. 3 will connect HCMC, Binh Duong, Dong Nai and Long An, with a total length of over 76 kilometers, of which 47 kilometers will sprawl through HCMC’s Thu Duc City and three outlying districts of Cu Chi, Hoc Mon and Binh Chanh.