Preparing To Start The Ring Road 3 - Ho Chi Minh City

Ring Road 3, one of Ho Chi Minh City's major projects, finally began construction after several challenges.


My Thuan's Project Management Board, under the Ministry of Transport, held a signing ceremony for the technical design consultancy service and bidding support for component 1A under the construction investment project of Tan Van - Nhon Trach section, phase 1 - Ho Chi Minh City Ring Road 3.

This project has a total investment of 5,330 billion VND, implemented by ODA.


The contractor is Pyunghwa Engineering Consultant Company Ltd., Korea. The contract is completed within 12 months, including 8 months of technical design and 4 months of bidding support, with the Korean government providing preferential loans and the Vietnamese government providing reciprocal capital.


The project's technical design and contractor selection will be done soon, allowing construction to begin in the third quarter of this year.


Ring Road 3 is more than 90 km long and divided into four parts, according to the pre-feasibility study report. Among the four parts, Project 1A spans 8.75 km, with 6.3 km in Dong Nai province and 2.45 km in Ho Chi Minh City. The plan is to build a 6-lane road in the first phase, then widen it to 8 lanes with two parallel lines and sidewalks on both sides in the second phase.


A crucial part of the 1A project that many people are interested in is the Nhon Trach bridge over Dong Nai River, connecting to Ho Chi Minh City, with a length of more than 2 km and a width of 19.5 m for 6 lanes. The bridge has a total investment capital of more than 2,200 billion VND.


According to the Prime Minister's approval on September 28, 2011, Ring Road 3 would have been completed before 2020, passing through the provinces of Dong Nai, Binh Duong, Long An, and Ho Chi Minh City. However, only 16.3 km through Binh Duong's territory (accounting for 17.92%)have been developed.


Ring Road 3 is designed to help increase inter-regional connectivity to speed up the growth of industrial clusters, tourism facilities, and rural urbanization along the route, linking satellite cities of Ho Chi Minh City. It contributes to the creation of a core in the direction of a multi-center city, while also establishing a complete transportation network. Additionally, it connects highways in the region, reduces congestion, traffic accidents, and environmental pollution.


As an investor, keeping yourself constantly updated on these infrastructure updates helps you stay relevant in the market and predict future trends. Interested to know deeper about Vietnam's business opportunities? Contact us right now for more information.


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