Construction of Ring Road 3 in Ho Chi Minh City: Nearly 1,000 billion VND to be expected to spend for each kilometer of road?
- Construction of Ring Road 3 in Ho Chi Minh City: Creating space for development and maximizing land use potential?
- Construction of Ring Road 3 in Ho Chi Minh City: Nearly 1,000 billion VND to be expected to spend each kilometer of road?
- Construction of Ring Road 3 in Ho Chi Minh City: more than 640 hectares of land to be used?
- When will the Ring Road 3 in Ho Chi Minh City be put into use?
Construction of Ring Road 3 in Ho Chi Minh City: Creating space for development and maximizing land use potential?
Pursuant to Clause 1, Article 2 of Resolution 57/2022/QH15, the objectives when implementing the investment project to build Ring Road 3 in Ho Chi Minh City are as follows:
“Article 2
1. Objectives:
Invest in building Ring Road 3 in Ho Chi Minh City, connect Ho Chi Minh City with Dong Nai province, Binh Duong province, Long An province and other localities in the region, promote investment efficiency for the investment projects, create new development space, exploit the potential of land use, build a sustainable and modern urban system; contribute to the successful implementation of the country's socio-economic development goals and tasks according to the Resolution of the 13th National Congress of the Communist Party of Vietnam.
Accordingly, the investment in the project to build Ring Road 3 in Ho Chi Minh City is to connect the city with other provinces in the region such as Dong Nai, Binh Duong, Long An, etc. to create new development and exploitation space to use real estate and promote investment efficiency for invested projects.
Construction of Ring Road 3 in Ho Chi Minh City: Nearly 1,000 billion VND to be expected to spend each kilometer of road? (Image from the internet)
Construction of Ring Road 3 in Ho Chi Minh City: Nearly 1,000 billion VND to be expected to spend each kilometer of road?
Pursuant to Clause 2, Article 2 of Resolution 57/2022/QH15, which stipulates the scale of implementation of the Ho Chi Minh City 3 ring road investment project as follows:
“Article 2
…
2. Scope, scale and form of investment:
Invest about 76.34 km, divided into 08 component projects in the form of public investment; The investment scale of each component project is determined in the Appendix attached to this Resolution.”
Pursuant to Clause 5, Article 2 of Resolution 57/2022/QH15, which stipulates the total preliminary capital of Ring Road 3 in Ho Chi Minh City investment project as follows:
“Article 2
…
5. Preliminary total investment and capital sources:
Preliminary total investment of the project is 75,378 billion VND (seventy five thousand, three hundred and seventy eight billion dong), of which:
a) State budget capital in the 2021 - 2025 period is VND 61,056 billion (sixty-one thousand, not one hundred and fifty-six billion VND), including:
- Central budget capital in the medium-term public investment plan for the 2021-2025 period is VND 31,380 billion (thirty one thousand, three hundred and eighty billion VND);
- Local budget capital in the 2021 - 2025 period is VND 29,676 billion (twenty-nine thousand, six hundred and seventy-six billion), of which: Ho Chi Minh City is VND 19,449 billion (nineteen thousand, four hundred). forty-nine billion dong); Dong Nai province is 1,567 billion VND (one thousand, five hundred and sixty seven billion VND); Binh Duong province is VND 7,808 billion (seven thousand, eight hundred and eight billion VND) and Long An province is VND 852 billion (eight hundred and fifty-two billion VND);
b) State budget capital for the period 2026 - 2030 is 14,322 billion VND (fourteen thousand, three hundred and twenty two billion VND), including:
- Central budget capital is 7,361 billion VND (seven thousand, three hundred and sixty one billion dong);
- Local budget capital is VND 6,961 billion (six thousand, nine hundred and sixty one billion VND), of which: Ho Chi Minh City is 4,562 billion VND (four thousand, five hundred and sixty-two billion dong); Dong Nai province is 367 billion VND (three hundred and sixty seven billion VND); Binh Duong province is 1,832 billion dong (one thousand, eight hundred and thirty-two billion dong) and Long An province is 200 billion dong (two hundred billion dong).”
Thus, Ring Road 3 in Ho Chi Minh City will be invested and built with a total length of about 76.34 km and the total estimated capital for the whole project is about 75,378 billion VND.
Accordingly, on average, each kilometer of Ring Road 3 in Ho Chi Minh City will be budgeted equivalent to nearly 1,000 billion VND.
Construction of Ring Road 3 in Ho Chi Minh City: more than 640 hectares of land to be used?
Pursuant to Clause 4, Article 2 of Resolution 57/2022/QH15 stipulating as follows:
“Article 2
…
4. Demand for land use and plans for compensation, support and resettlement:
Preliminary land use demand of the Project is about 642.7 hectares, of which: rice land is about 70.24 hectares, other agricultural land is about 103.52 hectares, forested land is about 16.82 hectares, and residential land is about 103.52 hectares, residential land is about 64.1 ha, land for perennial crops is about 229.62 ha, non-agricultural production and business land is 11.2 ha and other land is about 147.2 ha. Site clearance for the entire route once according to the planned scale, except for the invested section of Tan Van - Binh Chuan.”
Accordingly, the preliminary land use demand of Ring Road 3 in Ho Chi Minh City construction investment project is about 642.7 hectares of land.
When will the Ring Road 3 in Ho Chi Minh City be put into use?
Pursuant to Clause 6, Article 2 of Resolution 57/2022/QH15 stipulating the implementation progress of the Ring Road 3 investment project in Ho Chi Minh City as follows:
“Article 2
…
6. Implementation progress:
Prepare to invest, implement the project from 2022, basically complete in 2025 and put into use from 2026.”
Accordingly, the Ring Road 3 of Ho Chi Minh City will be put into operation from 2026.
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