VND15.9 trillion proposed for HCM City-Moc Bai expy

20-Oct-2021 Intellasia | The Saigon Times | 5:02 AM Print This Post

The HCM City government has proposed investing VND15.9 trillion in the first phase of an expressway linking HCM City and neighbouring Tay Ninh Province.

The proposal was presented at the third session of the 10th HCM City People’s Council today, October 18.

Of the investment in the first phase, which is expected to be completed by 2025, over VND5.4 trillion would be used for road construction, VND7.4 trillion for site clearance and the remainder for backup, the local media reported.

Under the proposal, the 50-kilometer expressway would start at Ring Road No. 3 in HCM City’s outlying district of Cu Chi and end at National Highway 22 at the Moc Bai border gate in Tay Ninh Province.

A 23.7-kilometer section in HCM City of the HCM City-Moc Bai expressway would have eight lanes, while the section in Tay Ninh would have six lanes and be some 26.3 kilometers long.

The project would be executed under the public private partnership format with a build-operate-transfer (BOT) contract. Part of the compensation and site clearance costs would be sourced from the budgets of HCM City and Tay Ninh Province, while the remainder would come from investors.

Earlier, HCM City proposed the central government provide the city with over VND5.9 trillion for compensation and site clearance in the HCM City-Moc Bai expressway project.

After the completion, the expressway would act as a key traffic route connecting economic centers, border gate economic zones and many parts of the southern key economic zone with seaports, international airports and the Southeast Asian region, said the municipal government.

The HCM City-Moc Bai expressway is expected to promote the potential and advantages of other expressways, contributing to facilitating socio-economic growth.

https://english.thesaigontimes.vn/vnd15-9 trillion-proposed-for-hcmc-moc-bai-expy/

 

Category: Business, Vietnam

Print This Post

Comments are closed.