Binh Phuoc proposed to take charge of HCM City-Thu Dau Mot-Chon Thanh expy project

17-Apr-2021 Intellasia | The Saigon Times | 5:02 AM Print This Post

The HCM City government has proposed the prime minister assign the Binh Phuoc government to take charge of executing the HCM City-Thu Dau Mot-Chon Thanh expressway project passing through HCM City and the Binh Duong and Binh Phuoc provinces, requiring an estimated investment of VND36 trillion, or roughly $1.5 billion.

The city has also suggested the government allocate capital from the State budget for the 2021-2025 period for the project, news site Vietnamplus reported.

The expressway project was initially designed to be 69 kilometers long but the Binh Phuoc government later proposed changing the direction of the route and increasing the length of the road to 70 kilometers. It will start in Binh Phuoc’s Chon Thanh District and end at the Go Dua Intersection in HCM City.

At a meeting in January, the prime minister assigned Binh Phuoc to develop the project under the public-private-partnership model and the Ministry of Planning and Investment to work with the relevant ministries and agencies to allocate capital from the State budget for the project.

In March, leaders of HCM City and Binh Phuoc agreed that the Binh Phuoc government would be in charge of constructing the expressway.

According to a report by the Binh Phuoc government, of the total investment required for the project, VND17 trillion or 47 percent will be sourced from the State budget and VND19 trillion will come from the investor.

The section in Binh Phuoc will be 11.5 kilometers long, have six lanes to be synchronous with the Dak Nong-Chon Thanh Expressway and need some VND3 trillion.

Meanwhile, the 1.5-kilometer elevated section in HCM City from the Go Dua Intersection to HCM City’s border line with the Binh Duong Province will also cost VND3 trillion.

The section passing through Binh Duong will have a length of 57 kilometers, including a 28-kilometer elevated section and 10 overpasses. The needed investment for the section will be some VND30 trillion.

The HCM City-Thu Dau Mot-Chon Thanh expressway is an important project to connect HCM City, Binh Duong and Binh Phuoc and create a driving force for the socioeconomic development of the southern key economic zone.

https://english.thesaigontimes.vn/81450/binh-phuoc-proposed-to-take-charge-of-hcmc-thu-dau-mot-chon-thanh-expy-project-.html

 

Category: Business, Vietnam

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