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HCMC-Moc Bai Expressway project to cost VND10.5 trillion
The Saigon Times Daily
Tuesday,  Oct 30, 2018,18:15 (GMT+7)

HCMC-Moc Bai Expressway project to cost VND10.5 trillion

The Saigon Times Daily

A view of the HCMC-Long Thanh-Dau Giay Expressway. Project Management Unit No.2 has proposed the Ministry of Transport build the HCMC-Moc Bai Expressway, linking the city with Tay Ninh province - PHOTO: ANH QUAN

HCMC – Project Management Unit No.2 has proposed the Ministry of Transport build the HCMC-Moc Bai Expressway, connecting the city with Tay Ninh Province. The expressway project, with a total length of 53.5 kilometers, will require around VND10.5 trillion in investment capital for the first phase, news website Vietnam Plus reported.

Of the required investment, the cost of construction and installing equipment will amount to some VND5.7 trillion, while over VND2 trillion will be used for site clearance.

The project will be divided into two sections: a 33-kilometer-long section stretching from HCMC to Trang Bang in Tay Ninh and a 20.5-kilometer-long section linking Trang Bang with Moc Bai. Besides this, it is slated to be opened to traffic in the third quarter of 2025, if approved.

In particular, the HCMC-Trang Bang section will have four traffic lanes, measuring 27 meters in width and allowing a maximum speed of 120 kilometers per hour as it has a higher traffic volume than the other section.

Meanwhile, some have suggested the Trang Bang-Moc Bai section should be designated a four-lane limited-access expressway, with a maximum speed of 80 kilometers per hour. This section will be 17 meters wide.

As the project is in need of significant funding, the management unit suggested combining funds from the State budget and official development assistance (ODA) loans and using the private-public partnership format to ensure the feasibility of financial sources, as advised by a South Korean consultant.

The management unit also proposed the Transport Ministry appraise the project and present its pre-feasibility study to the prime minister, while simultaneously allocating capital and assigning the task of compiling the feasibility study by 2019.

The management unit suggested the ministry add the HCMC-Moc Bai Expressway project’s first phase to a medium-term public investment plan for the 2021-2025 period and allow the unit to work with sponsors in taking out ODA loans to back the project.

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