Bien Hoa-Vung Tau expressway expected to be complete by 2025

24-Oct-2020 Intellasia | TheSaigonTimes | 6:02 AM Print This Post

An expressway connecting Bien Hoa City of the southern province of Dong Nai and Ba Ria City of the neighbouring Ba Ria-Vung Tau Province is expected to be completed and opened to traffic by 2025.

On October 21, the Ba Ria-Vung Tau government said it had proposed that the prime minister approve the prefeasibility study for the first phase of the project, which will be executed under the public-private partnership format with a build-operate-transfer contract, the local media reported.

Accordingly, some 34.2 kilometers of the road will be built in Dong Nai Province, while a 19.5-kilometer section will be developed in Ba Ria-Vung Tau Province. The expressway will start at an intersection with a bypass of the National Highway 1A in Bien Hoa City and end at National Highway 56 in Ba Ria City.

The project requires an estimated investment of more than VND19 trillion, including construction and site clearance costs at VND9.1 trillion and some VND6 trillion, respectively.

Ba Ria-Vung Tau proposed that some VND6.8 trillion will be sourced from the State budget to fund the site clearance work and part of the construction of the section in the province.

The investor of the project will mobilise the remainder from its budget and bank loans. To recover capital, the investor will be allowed to collect toll fees from road users for 24.5 years.

If the province gets the prime minister’s approval, the investor of the project will be chosen from the last quarter of next year to the first quarter of 2022. Meanwhile, work on the project, which will cover some 588.5 hectares, is expected to start in the first quarter of 2023.

Ba Ria-Vung Tau Chair Nguyen Van Tho said the project would help ease traffic on National Highway 51, facilitate travelling from Dong Nai and Ra Ria-Vung Tau to HCM City and the southern key economic zone. The road will also be connected with the HCM City-Long Thanh-Dau Giay and Ben Luc-Long Thanh expressways and the Long Thanh International Airport, contributing to completing the expressway system in the years to come.

https://english.thesaigontimes.vn/79066/bien-hoa-vung-tau-expressway-expected-to-be-complete-by-2025.html

 

Category: Business, Vietnam

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