Billion-dollar projects 'sprint' to disburse public investment in Ho Chi Minh City

VTC NewsVTC News27/11/2023


Key projects with investment of thousands of billions of VND are "sprinting" to keep up with progress with disbursement of public investment capital.

Billion-dollar projects 'sprint' to disburse public investment in Ho Chi Minh City - 1

On October 30, Chairman of the Ho Chi Minh City People's Committee, Phan Van Mai, launched a 60-day campaign to disburse public investment. The campaign focuses on removing difficulties and obstacles in road traffic construction investment projects to speed up construction progress and disbursement of investment capital. According to the plan, by the end of 2023, Ho Chi Minh City will strive to achieve 95% of public investment disbursement. (Photo: Luong Y)

Billion-dollar projects 'sprint' to disburse public investment in Ho Chi Minh City - 2

On November 24, VTC News reporters were present at a number of key projects in Ho Chi Minh City that are in the process of "sprinting" to disburse public investment. According to Mr. Luong Minh Phuc, Director of the Ho Chi Minh City Traffic Construction Investment Project Management Board, from now until the end of December 2023, the unit will strive to speed up the disbursement of public investment. (Photo: Luong Y)

Billion-dollar projects 'sprint' to disburse public investment in Ho Chi Minh City - 3

At An Phu intersection, investors constructing An Phu intersection packages are also speeding up progress. The An Phu intersection project has a total investment of VND3,408 billion (of which compensation, support, and resettlement costs are VND248 billion, construction costs are VND2,317 billion), expected to be completed before April 30, 2025. This intersection is building an underpass connecting the Ho Chi Minh City - Long Thanh - Dau Giay expressway access road with Mai Chi Tho Street (the tunnel crossing the Saigon River). The underpass is extended through the Mai Chi Tho - Dong Van Cong intersection. (Photo: Luong Y)

Billion-dollar projects 'sprint' to disburse public investment in Ho Chi Minh City - 4

In addition, the project will have 2 more overpasses, including a Y-shaped overpass connecting Mai Chi Tho Street (Hanoi Highway side) and Luong Dinh Cua Street with the Ho Chi Minh City - Long Thanh - Dau Giay Expressway approach road. Along with that, there will be an overpass turning right from the Ho Chi Minh City - Long Thanh - Dau Giay Expressway approach road to Mai Chi Tho Street (Hanoi Highway side). (Photo: Luong Y)

Trillion-dollar projects 'sprint' to disburse public investment in Ho Chi Minh City - 5

The Hang Bang Canal Basin Drainage Improvement Project under the "Improving the Water Environment of Ho Chi Minh City" project through Districts 5 and 6 is the focus of public investment disbursement in Ho Chi Minh City. According to the Director of the Ho Chi Minh City Traffic Construction Investment Project Management Board, in the last days of 2023, the city will coordinate with departments and branches to speed up the site clearance progress. According to this leader, the site clearance cost for Hang Bang Canal is about 550 billion VND. (Photo: Luong Y)

Billion-dollar projects 'sprint' to disburse public investment in Ho Chi Minh City - 6

The Hang Bang Canal Basin Drainage System Improvement Project has a budget of about VND2,000 billion and is expected to be completed in 2020, but has not yet been completed. The project consists of 3 phases. Of which, phase 1 was completed in 2017, the canal was restored at both ends, with a budget of VND300 billion. The remaining 2 phases are in progress. (Photo: Luong Y)

Trillion-dollar projects 'sprint' to disburse public investment in Ho Chi Minh City - 7

As one of the key projects of Thu Duc City (HCMC), Tang Long Bridge is of great significance for freight transport and meeting the travel needs of people in the area, contributing to economic development and urban beautification. Previously, on October 28, Thu Duc City People's Committee coordinated with the Management Board of Investment and Construction of Traffic Works of Ho Chi Minh City to organize the handover of the site and construction of Tang Long Bridge.

Billion-dollar projects 'sprint' to disburse public investment in Ho Chi Minh City - 8

The Tang Long Bridge project across Trau Trau canal is located on La Xuan Oai street, Thu Duc city, with a total scale of 2.62 hectares and a total investment of more than 741 billion VND. Of which, the construction cost is 688 billion VND and the compensation cost for site clearance is more than 53 billion VND.

Billion-dollar projects 'sprint' to disburse public investment in Ho Chi Minh City - 9

The Tran Quoc Hoan - Cong Hoa connecting road project, over 4km long, was decided by Ho Chi Minh City to invest in 2016, with a scale of 4 lanes, a total investment of over 1,400 billion VND but has not been implemented. Accordingly, the total investment of the project increased to over 4,800 billion VND, of which the construction cost is about 1,500 billion VND, the rest is compensation and site clearance costs. This is a newly built road, starting at the Tran Quoc Hoan - Phan Thuc Duyen intersection; ending at the intersection of C12 - Cong Hoa - Truong Chinh streets. (Photo: Hoang Tho)

Trillion-dollar projects 'sprint' to disburse public investment in Ho Chi Minh City - 10

The project has a main route 25-48 m wide with 6 lanes, along with two connecting branch roads, a nearly 1 km long overpass with 4 lanes; two underpasses at the intersections of Phan Thuc Duyen - Tran Quoc Hoan and Truong Chinh - Tan Ky Tan Quy. The project is expected to be completed in August 2024. In addition to opening a new connection route to the airport, it will help reduce congestion on existing roads such as Truong Son, Cong Hoa, Truong Chinh, Lang Cha Ca intersection... (Photo: Hoang Tho)

Billion-dollar projects 'sprint' to disburse public investment in Ho Chi Minh City - 11

Recorded by VTC News reporters on the morning of November 24, inside the 2m high corrugated iron fences at the Tran Quoc Hoan - Phan Thuc Duyen intersection tunnel construction project, part of the Tran Quoc Hoan - Cong Hoa connecting road project, the construction atmosphere was bustling and urgent. Engineers and workers were hurriedly dismantling and erecting steel bars, installing concrete forms for the open tunnel section. At the construction site, there are currently more than a dozen types of machinery and equipment mobilized for construction. (Photo: Hoang Tho)

Trillion-dollar projects 'sprint' to disburse public investment in Ho Chi Minh City - 12

After 3 months of construction, the XL-08 package of Ho Chi Minh City Ring Road 3 passing through Hoc Mon district is gradually taking shape. (Photo: Hoang Tho)

Billion-dollar projects 'sprint' to disburse public investment in Ho Chi Minh City - 13
Billion-dollar projects 'sprint' to disburse public investment in Ho Chi Minh City - 14

The XL-08 package through Hoc Mon district started construction on July 26, with an expected construction period of 1,080 days, including an overpass over Nguyen Van Bua Street, two overpasses over the canal, and a highway section over 7 km long, with a total package value of VND1,417 billion. Currently, the main work here is to construct pile foundations for the bridge section and clear the site, and excavate the road section organically. (Photo: Hoang Tho)

Billion-dollar projects 'sprint' to disburse public investment in Ho Chi Minh City - 15

Similarly, at the XL-03 package (from Km17+500 to Km20+550) in Thu Duc City, workers are also busy with construction. (Photo: Hoang Tho)

Billion-dollar projects 'sprint' to disburse public investment in Ho Chi Minh City - 16

The Ring Road 3 project is a large-scale project, both in terms of length and capital, and affects the entire region in many different aspects. The total length of Ring Road 3 in Ho Chi Minh City is 92 km (if 15.3 km is subtracted from the My Phuoc - Tan Van road that has been formed, the total length of the route is 76.34 km). The project passes through the following localities: Ho Chi Minh City, Dong Nai, Binh Duong, Long An. (Photo: Hoang Tho)

Trillion-dollar projects 'sprint' to disburse public investment in Ho Chi Minh City - 17

Ho Chi Minh City Ring Road 3 is an urban expressway ring road, with a roadbed consisting of 4 motor vehicle lanes and two mixed lanes on both sides, with a maximum permitted speed of 100 km/h. The total investment of the project is expected to be about 75,378 billion VND from the central and local budgets. Regarding progress, the project started construction in June 2023, aiming to open to traffic in 2025 and complete in 2026. (Photo: Hoang Tho)



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