HCM City People’s Committee has proposed to spend VND15.9 trillion (USD691.31 million) on the first phase of an expressway linking the city and Moc Bai Border Gate in Tay Ninh Province.
The 50-kilometre route starting from Belt Road 3 in Cu Chi District in HCM City will connect to National Highway 22 at the Moc Bai Border Gate area.
The 23.7-kilometre section which runs through HCM City will have eight lanes, with the Tay Ninh stretch using six lanes.
The first phase of the project, which will be carried out under the form of public-private partnership (PPP), is scheduled for completion in 2025.
Of the investment capital, VND7.43 trillion will be for site clearance and resettlement.
The committee recommended the funding of VND5.9 trillion for the project’s site clearance and compensation settlement.
The project is expected to ease traffic congestion and improve connectivity between Tay Ninh and the Southern Key Economic Zone.
The expressway will require site clearance of around 231 hectares in Tay Ninh and 208 hectares in Ho Chi Minh City, affecting over 570 households.
VND15.9 trillion HCM City-Moc Bai expressway project proposed
HCM City People’s Committee has proposed to spend VND15.9 trillion (USD691.31 million) on the first phase of an expressway linking the city and Moc Bai Border Gate in Tay Ninh Province.
Source: dtinews.vn, LD
