HCMC – The HCMC government will resume work on the Ring Road No. 2 project this year after a two-year suspension.
Nearly 14 kilometers of the project has yet to be completed. In the 2021-2025 period, the city will mobilize resources to complete the project, Tien Phong newspaper reported.
The Ring Road No. 2 project was planned 15 years ago with a total length of over 64 kilometers. The 14 kilometers of the half-done sections comprised four components: the Phu Huu Bridge-Hanoi Highway, the Hanoi Highway-Pham Van Dong Street, the Pham Van Dong Street-Go Dua Intersection and the National Highway 1-Nguyen Van Linh Street. They are 3.82, 2, 2.75 and 5.3 kilometers, respectively.
In a report about the project by the HCMC Department of Transport in late 2021, the first and second components were under appraisal, the third component was some 44% complete, while capital for the fourth segment was not allocated.
The third component, whose investor is Van Phu Bac Ai JSC, has been put on hold for nearly two years due to site clearance and land handover delays. The component was executed under the build-transfer model and required an investment of over VND2.7 trillion.
Early this year, Thu Duc City completed the site clearance and handed over more than 15.6 hectares of land for the component. The municipal Department of Natural Resources and Environment has proposed the municipal government use six more land lots to make payments to the investor.
Besides the third segment, the HCMC Department of Transport will focus on completing the first and second segments, which require nearly VND8.6 trillion and VND8.6 trillion in investment, respectively.
As for the fourth segment, the Department of Transport has proposed the municipal government allocate capital to conduct the prefeasibility study and use the public investment for the segment.
The Ring Road No. 2 project was planned to be over 64 kilometers long and have six to 10 lanes.
The road will help connect seaports and important traffic systems, such as the Hanoi Highway, Pham Van Dong Street, the HCMC-Long Thanh-Dau Giay Expressway and National Highways 1 and 13.