HCM City will focus on speeding up major transport projects this year. VNA/VNS Photo

Phan Van Mai, chairman of the municipal People’s Committee, said they include Ring Road No 3, metro line Nos 1 and 2, the HCM City-Moc Bai Expressway, widening of National Highway No 50, and renovation of the Xuyen Tam Canal.

Ring Road No 3, considered a key and urgent traffic project, will run 76.3km through HCM City and the southern provinces of Dong Nai, Binh Duong and Long An.

It is expected to cost VND75.4 trillion (US$3.2 billion) and run 47.5km in the city through Thu Duc City and the districts of Cu Chi, Hoc Mon and Binh Chanh.

The first metro route will run nearly 20km, including 2.6km underground, between Ben Thanh Market in District 1 and Suoi Tien Theme Park in Thu Duc City.

A test run was conducted on an elevated section between Suoi Tien and Binh Thai stations in Thu Duc City in December, and the line is expected to become operational at the end of this year.

It is expected to cost VND43.7 trillion.

The second line will run between Ben Thanh Market in District 1 and Tham Luong Depot in District 12, and is budgeted to cost VND47.9 trillion.

The 48km route will go through districts 1, 3, 10, 12, Tan Binh, and Tan Phu.

Its first phase will be a 11.3km stretch, including 9.3km below ground.

The city plans to start work this year and finish it in 2028. 

The HCM City-Moc Bai Expressway will connect the city with the international border gate with Cambodia in Tay Ninh Province.

It will have a total length of 53.5km, including 23.7km in HCM City, and cost VND16.7 trillion ($707.8 million) to build.

The renovation of the 8.2km Xuyen Tam Canal with an estimated cost of VND9.3 trillion has been delayed for years and is also one of the city's urgent projects in 2021-25 period. 

The canal and its environs will be cleaned up, and 6,500 households living on its banks will be relocated.

The city would also focus on speeding up public spending, improving public services, strengthening administrative reform, tackling inflation, and stabilising the economy, Mai said.

It would improve the business climate to attract investments, he added.

The country’s largest city expects to face challenges from the global turmoil this year, and so has cut its growth target to 7.5-8 per cent. 

Source: Vietnam News