HCM City speeds up compensation, site clearance for Beltway No 3 project
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| HCM City will spend VND3 trillion from its budget to speed up compensation and site clearance for the Beltway No 3 project.-VNS File Photo |
Other provinces and the Cuu Long Corp for Investment, Development and Project Management of Infrastructure will also allocate funds as well.
Binh Duong Province will spend VND2 trillion ($85 million), while Long An Province will allocate VND639 billion ($27 million) for Beltway No. 3.
The project was approved by the Prime Minister in 2011.
The 90-km long beltway is expected to be divided into four sections: from Nhon Trach to HCM City, My Phuoc to Tan Van, Binh Chuan to National Highway No 22, and National Highway No 22 to Trung Lương expressway..
The beltway will have four to eight lanes, and a designed speed of 100km per hour
The road project is expected to divide traffic flows into the city, and reduce congestion in the inner city.
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