The HCM City Department of Transport has finished the feasibility study for an expressway project linking HCM City and Tay Ninh Province.
According to the feasibility study, the project would cost VND15.9 trillion (USD691.304 million), up VND2.3 trillion compared to the previously identified figure.
According to the HCM City Department of Transport, the increased capital is mostly for site clearance which requires a total of VND7.43 trillion. Of the sum, VND5.9 trillion is for HCM City and the remainder is for Tay Ninh.
The project is expected to be submitted at the municipal people’s council meeting in July this year for consideration.
The national road network development plan that received official approval in 2016 included the HCM City-Moc Bai Expressway project. The Ministry of Transport was assigned as the investor of the project. However, the project was delayed for a long time and in September last year, the HCM City government urged the ministry to propose the government give it autonomy and coordinate with Tay Ninh to execute the project.
On October 23, 2020, the government allowed the HCM City government to take charge of the project.
The 53.5km-long highway will link Ring Road 3 in HCM City’s Hoc Mon District with Moc Bai International Border Gate between Vietnam and Cambodia in Tay Ninh Province. Construction is expected to be completed by 2025 with at least four lanes, and will be expanded to six or eight lanes by 2045.
An area of 432 hectares has been taken back to make room for the project, including 209 hectares in HCMC and the remainder in Tay Ninh.
The project will be executed under a public private partnership format with a build-operate-transfer contract.
Source: dtinews.vn