Deputy Prime Minister Hoang Trung Hai has ordered the Ministry of Transport to complete the formalities for soliciting investment in HCM City's ringroad Nos 3 and 4.
The two will be inter-regional highways that will allow high-speed traffic, helping reduce the traffic pressure on inner districts in HCM City.
Earlier, the Government Office, together with the localities where the ringroads will be built, submitted to the Government detailed plans for approval.
According to proposals drawn up by consultancy companies, the roads will run through 15 districts in HCM City and Ba Ria-Vung Tau, Dong Nai, Binh Duong, and Long An Provinces.
The 100-km, Ringroad No. 3 is expected to start at the Ben Luc (Long An Province) and end at Long Thanh (Dong Nai Province) Expressway.
Ringroad No 4, to start at the Bien Hoa-Vung Tau Expressway and end at Hiep Phuoc Port on the North-South Highway in HCM City, may be 198km long. Both are expected to have six to eight lanes.
Construction of the two highways could cost US$8 billion, according to the Government's website. — VNS