HCMC – The HCMC government has proposed investing VND15.9 trillion in the first phase of an expressway linking HCMC and neighboring Tay Ninh Province.
The proposal was presented at the third session of the 10th HCMC 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 HCMC’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 HCMC of the HCMC-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 HCMC and Tay Ninh Province, while the remainder would come from investors.
Earlier, HCMC proposed the central Government provide the city with over VND5.9 trillion for compensation and site clearance in the HCMC-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 HCMC-Moc Bai expressway is expected to promote the potential and advantages of other expressways, contributing to facilitating socio-economic growth.