HCMC proposes tapping municipal budget for Ring Road 3 projectBy Le Anh A map of the Ring Road 3 project’s sections running through HCMC – PHOTO: HCMC DEPARTMENT OF TRANSPORT HCMC – The government of HCMC has written to the Ministry of Transport, proposing tapping the municipal State budget for nearly VND3 trillion to complete site clearance for the sections of the Ring Road 3 project that will run through the city. According to preliminary calculations, the proposed funding will be used for two sections: one stretching from Binh Chuan to National Highway 22 and the other running from National Highway 22 to Ben Luc in Long An Province. The city government will present the proposal to the municipal People’s Council by end-2018 if the ministry approves it. The Ring Road 3 project plays a pivotal role in the economic development of the city and neighboring provinces as it is considered an arterial road linking the city with the provinces. In addition, it … [Read more...] about HCMC proposes tapping municipal budget for Ring Road 3 project
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HCMC seeks early funding for Ring Road 3 project
HCMC seeks early funding for Ring Road 3 projectBy Le Anh Ben Luc-Long Thanh Expressway, which is under construction, is projected to connect with Ring Road No. 3 in the future – PHOTO: LE ANH HCMC - The HCMC People’s Committee will propose the municipal People’s Council approve an advance from the city budget to start site clearance works for the Ring Road 3 project, which will run through the city and neighboring localities, as the Government has already approved the project. Tran Vinh Tuyen, vice chairman of the municipal government, signed a petition on October 9 sent to the Ministry of Transport, proposing the ministry request the Government to provide instructions for the project’s essential procedures and investment methods before it seeks approval from the council for the advance from the budget. The total cost of the site clearance is some VND5.6 trillion. Of this amount, the sections being cleared within the city will need nearly VND3 … [Read more...] about HCMC seeks early funding for Ring Road 3 project
Saudi Arabia launches high-speed rail project
Saudi King Salman on Tuesday inaugurated a high-speed railway linking Mecca and Medina, Islam's holiest cities, described by local officials as the biggest transportation project in the region. The Haramain High Speed Rail system will transport Muslim pilgrims, as well as regular travellers, 450 kilometres (280 miles) between the two cities via the Red Sea port of Jeddah in two hours. "This project is considered the biggest transport project in the Middle East," Mohammed Falaha, a Haramain project manager, told AFP. Thirty-five passenger trains capable of travelling at speeds of 300 kilometres per hour will slash the travel time from several hours to 120 minutes, transport officials said. The rail project, dogged by several delays, was built at a cost of more than $16 billion, according to Saudi media. In 2011, Saudi Arabia signed a deal for a Spanish consortium to build the rail track, supply 35 high-speed trains and handle a 12-year maintenance contract. The kingdom is boosting … [Read more...] about Saudi Arabia launches high-speed rail project
ADB supports US$236-million project for roads in northern Vietnam
The Hanoitimes - The project would give a boost to the transport network and trade in Vietnam’s northern remote regions. Project Management Board 2 has just proposed the Ministry of Transport (MoT) seek goverment's approval for a project on building roads connecting northern mountainous regions, for which the Asian Development Bank (ADB) is a finance provider. A part of Noi Bai - Lao Cai expressway According to the Dau tu newspaper, the work would cost about US$236.6 million. Of the sum, US$192 million will be funded by ADB while the Vietnamese government will cover the remaining US$43.829 million. As part of the project, a 147-kilometer route connecting Lai Chau province with Noi Bai – Lao Cai expressway and another one from Nghia Lo town (Yen Bai) to the expressway extending 51.4 kilometers would be built and upgraded, respectively. Once approved by the government, an agreement to gurantee credit for the project would be signed prior to December 31, 2018, as … [Read more...] about ADB supports US$236-million project for roads in northern Vietnam
NASA’s new planet-hunter to seek closer, Earth-like worlds
Viet Nam News TAMPA — NASA is poised to launch a US$337 million washing machine-sized spacecraft that aims to vastly expand mankind’s search for planets beyond our solar system, particularly closer, Earth-sized ones that might harbor life. The Transiting Exoplanet Survey Satellite, or TESS, is scheduled to launch Monday at 6:32 pm (2232 GMT) atop a SpaceX Falcon 9 rocket from Cape Canaveral, Florida. Its main goal over the next two years is to scan more than 200,000 of the brightest stars for signs of planets circling them and causing a dip in brightness known as a transit. NASA predicts that TESS will discover 20,000 exoplanets -- or planets outside the solar system -- including more than 50 Earth-sized planets and up to 500 planets less than twice the size of Earth. "They are going to be orbiting the nearest, brightest stars," Elisa Quintana, TESS scientist at NASA’s Goddard Spaceflight Center, told reporters on Sunday. "We might even find planets that orbit … [Read more...] about NASA’s new planet-hunter to seek closer, Earth-like worlds