A map of Ring Road 3 that will run through HCM City and the provinces of Đồng Nai, Bình Dương and Long An. — Photowww.sggp.org.vn HCM CITY — Over the next 10 years, HCM City will allocate a total of VNĐ24 trillion (US$1 billion) from the municipal budget to build the new Ring Road No. 3. The first five-year (2021-25) will see an allocation of VNĐ19.5 trillion ($849 million; and the remaining in the 2026-30 period. The allocation decision was made after the municipal People’s Council passed a resolution on the project proposed by the HCM City People’s Committee for an estimated VNĐ75.3 trillion ($3.3 billion), including VNĐ24 trillion sourced from the city’s budget. The Ring Road 3 will pass through HCM City and the neighbouring provinces of Đồng Nai, Bình Dương and Long An. The project was approved 11 years ago, but only one of the road’s four sections in Bình Dương Province has been completed. Ring Road 3 has been identified as a key and urgent traffic project for the … [Read more...] about HCM City earmarks US$1billion to build Ring Road 3
