HCMC – Ba Ria-Vung Tau Province will spend VND670 billion of the total VND1.3 trillion needed for site clearance to build a 19.5-kilometer expressway section passing through this southern province.
This capital contribution plan was passed at the provincial People’s Council meeting held yesterday, April 12.
The prime minister earlier approved a plan to develop the Bien Hoa-Vung Tau Expressway project using the State budget.
The expressway, which links Dong Nai Province and Ba Ria-Vung Tau Province, will measure 53.7 kilometers in length, with four to six lanes and a total investment of over VND17.8 trillion. It is expected to get off the ground next year and be ready in 2025.
The Ministry of Transport proposed dividing the road project into three sub-projects. The first and second sub-projects, which are 34.2 kilometers long in total, will be built in Dong Nai Province, with a total cost of VND12.6 trillion. The remaining sub-project will be executed in Ba Ria-Vung Tau, requiring VND5.1 trillion in investment.
Around VND1.3 trillion is needed for compensation and resettlement linked to the section running through Ba Ria-Vung Tau. This province will tap its backup budget for the 2021-2025 public midterm investment plan to pledge 50% of the required capital, even though it is in budget distress.
As for the Bien Hoa-Vung Tau Expressway, it is one of the three expressways that the government added to a portfolio under a program to restore and develop socio-economic growth in the southern key economic region.
The expressway, once put into service, is expected to share the traffic volume of the National Highway 51 and facilitate connectivity among HCMC, Dong Nai, and Ba Ria-Vung Tau.
