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Saturday, July 20, 2024

HCMC needs additional VND30 trillion to complete Beltway 2

The Saigon Times

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HCMC – The HCMC Department of Transport has said that over VND30 trillion is needed for an 11.3-kilometer section of Beltway No. 2 that has not yet been built.

HCMC Beltway No. 2 is 64 kilometers long, with the number of lanes varying from six to 10, and some 50 kilometers of the road are currently in operation. The remaining 14 kilometers is divided into four sections.

Construction is currently underway for section three, while the three remaining sections are expected to be completed by 2030.

Section one, which extends 3.5 kilometers from Phu Huu Bridge to Vo Nguyen Giap Avenue, is expected to begin construction in the second quarter of 2025 for completion in the fourth quarter of 2026.

The total cost of this section is estimated at VND9.33 trillion, with VND6.68 trillion allocated for site clearance.

Section two, spanning 2.8 kilometers from Vo Nguyen Giap to Pham Van Dong avenues, requires VND4.54 trillion, including VND1.96 trillion for site clearance. The project is slated for completion by 2027.

Section four covers 5.3 kilometers from National Highway 1A to Nguyen Van Linh Parkway, with a projected cost of VND16.42 trillion including a site clearance cost of VND13.19 trillion.

Due to budget allocation delays, the transport department has proposed a two-phase investment plan for section four. Phase one will see construction on 3.4 kilometers of the road between Vo Van Kiet and Nguyen Van Linh roads, with the completion date expected in 2027.

The remaining 1.9-kilometer section between National Highway 1A and Vo Van Kiet Avenue will be constructed during phase two within the 2026-2030 timeframe.

The under-construction section three, initiated in 2017 under the build-transfer format, has a total investment of VND2.7 trillion. However, construction was halted in March 2020 after completing 44% of the workload due to site clearance issues and incomplete procedures.

Local authorities aim to conclude the site clearing phase and finalize construction on the project by 2025.

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