The projects with a total length of nearly 250km have a combined investment capital of $4.8 billion.
The ground-breaking ceremony of three major national transport projects located in the south of Vietnam was held in Ho Chi Minh City on June 19.
These projects comprise Ho Chi Minh City’s Ring Road No.3, the first phase of the Bien Hoa - Vung Tau Expressway, and the first phase of the Khanh Hoa - Buon Ma Thuot Expressway.
Ho Chi Minh City’s Ring Road No.3, which has total investment capital of about $3.2 billion, is 76km long. The eight-lane road passes through Ho Chi Minh City, Dong Nai, Binh Duong, and Long An. Each locality will implement two out of eight project components, including land clearance and construction.
The road will allow vehicles to run at 100km per hour once put into operation in 2025.
The first phase of the Khanh Hoa - Buon Me Thuot expressway has a length of about 117.5km and a total investment of nearly $935 million. The four-lane transport project is scheduled to complete in 2026 and put into operation a year later.
The first phase of the Bien Hoa - Vũng Tau expressway has a total length of nearly 54km and a total investment of $758 million. It is expected to complete in 2025 and allows vehicles to run from 2026.
From 2000 to 2021, Vietnam had just put 1,163km of new expressways into operation while the country has targeted to raise this amount to 5,000km by 2030. Thus, in the period from 2021 to 2030, Vietnam needs to accelerate the construction of new projects to reach its target.
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