The Ho Chi Minh City Ring Road 3 project has reached 76% completion, putting heavy cost pressure on contractors.

The Ho Chi Minh City Ring Road 3 project has currently reached approximately 76% completion, but contractors are facing significant pressure as fuel, sand, stone, and asphalt prices fluctuate continuously, causing construction and operating costs to increase simultaneously.

To date, the total value of construction work completed on the Ring Road 3 project packages has reached approximately 76%. Photo: Le Toan

The above information was provided by the Ho Chi Minh City Investment and Construction Project Management Board for Transportation Works (referred to as the Transportation Board) at its regular press conference on socio-economic issues , held on the afternoon of May 7th.

According to the Transport Department, as of now, the total value of construction output for the Ring Road 3 project packages has reached approximately 76%, with construction packages in the former Thu Duc district reaching about 83% and construction packages in the former Cu Chi, Hoc Mon, and Binh Chanh districts reaching about 68%.

The biggest challenge during this period was the unpredictable military conflict in the Middle East, which caused a sharp increase in fuel prices, leading to higher prices for materials such as sand and stone (due to increased extraction and production costs), increased transportation costs from quarries to construction sites, increased equipment operating costs, and labor costs.

According to the Department of Transportation, the contractor is under immense pressure regarding costs.

In particular, from the end of February 2026, the price of 0.05S-II diesel fuel fluctuated sharply, along with a shortage of imported asphalt and asphalt concrete, directly impacting the contractor's construction progress and significantly affecting the project's schedule.

In light of this situation, the investor has made efforts to work closely with the contractors, especially with quarry owners, coordinating promptly and allocating quantities to each contractor according to needs, with the goal of bringing materials to the project as soon as possible.

Regarding the unusual increase in fuel prices, the investor has submitted numerous reports and requests to relevant authorities for prompt consideration, updating, and adjustment of published construction material prices and construction price indices to reflect market fluctuations. This will provide contractors with a basis for price adjustments, alleviating some of the difficulties in the context of fluctuating material sources. The cost of price adjustments due to fluctuations is included in the project's contingency fund.

The Ministry of Transport forecasts that if fuel prices gradually stabilize in May 2026, the supply of imported sand, stone, and asphalt will improve, thereby compensating for the production losses experienced recently.

Despite facing numerous difficulties, the Ho Chi Minh City Department of Transport and the contractors are still focusing all available resources to adhere to the goal of putting the Ring Road 3 project into operation in 2026, as stipulated in Resolution 57/2022/QH15 of the National Assembly .

The entire project, including supporting components such as traffic safety systems, lighting, landscaping, intelligent transportation systems (ITS), automated weighing stations, etc., is expected to be completed simultaneously by the end of 2026.

Source: https://baodautu.vn/du-an-vanh-dai-3-tphcm-dat-76-tien-do-ap-luc-chi-phi-de-nang-nha-thau-d588771.html