HCMC – The Ministry of Transport has proposed the Government allow Binh Phuoc Province to develop the Gia Nghia-Chon Thanh Expressway project using the build-operate-transfer (BOT) format.
The ministry said that some provinces and cities authorized to execute expressway projects have actively removed obstacles in terms of site clearance, construction material supplies, and toll collection for recouping the investment.
The transport ministry also allowed a consortium comprising Vingroup and Techcombank to do a prefeasibility study for the project and submit it to the competent agencies next month, news site VnExpress.net reports.
The Gia Nghia-Chon Thanh Expressway project, part of the North-South expressway project, will link the Central Highlands province of Dak Nong with the neighboring province of Binh Phuoc. The route will comprise a 38-kilometer section in Dak Nong and a 102-kilometer one in Binh Phuoc.
The six-lane route will cost around VND23 trillion in investment, allowing vehicles to travel at a maximum speed of 80-100 kilometers per hour.
This expressway, once put into service, is expected to bolster the socioeconomic growth of the two provinces, connect the southeastern region with the Central Highlands, and help ease traffic overload on National Highway 14, an axis route linking the two provinces.