$12.4 billion sought to develop suburban HCMC

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Roads in Hoc Mon District, HCMC, 2020. Photo by Hoc Mon news portal

 

HCMC is calling for investment of $12.4 billion for 55 projects in Cu Chi and Hoc Mon districts, most of which are for infrastructure development.

 

Of the investment, almost 99 percent are for 18 traffic and technical infrastructure development projects, including HCMC- Moc Bai Expressway, Ring Roads No.3 and No.4, and metro line No.3, it was announced at a Tuesday conference chaired by President Nguyen Xuan Phuc, who is running for a seat in the 15th National Assembly (NA) delegation of Ho Chi Minh City for 2021-2026.

 

Set to begin in 2023 and complete in 2025, the Moc Bai expressway will run about 50 kilometers, linking HCMC with the neighboring province of Tay Ninh that borders Cambodia.

 

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