The CW1 package in the construction of Nhon Trach Bridge and approach roads, totaling over VND1.8 trillion ($77.33 million) and a component project of the Ring Road No. 3 project in Ho Chi Minh City, Tan Van - Nhon Trach Phase 1, has been signed between the Project Management Board and South Korea’s Kumho Engineering Construction Company.
Ring Road No. 3 in Ho Chi Minh City stretches more than 90 km and passes through four localities: Ho Chi Minh City and Binh Duong, Dong Nai, and Long An provinces, with total investment of nearly VND178 trillion ($7.81 billion). As it is difficult to attract investors due to the long return on investment period, the four localities have asked that the government provide about VND83.29 trillion ($3.66 billion) in capital support.
