25 C
Ho Chi Minh City
Saturday, October 8, 2022

Cost of HCMC-Moc Bai expy projected to rise

The Saigon Times

Must read

HCMC – With a length of 50 kilometers, the first phase of the HCMC-Moc Bai expressway project will require a total of VND16.73 trillion, up by around VND800 billion against an earlier projection.

The HCMC People’s Committee sent a pre-feasibility study to the Ministry of Planning and Investment, highlighting that the cost of the project would increase by over VND800 billion. The 2021 cost estimate was VND15.9 trillion.

The State budget is estimated to cover more than VND7.43 trillion and the remaining VND9.3 trillion will be mobilized from the private sector.

The four-lane expressway will run from a section of Beltway No. 3 in HCMC’s Cu Chi District to National Highway 22 in Tay Ninh’s Ben Cau District.

The public-private partnership (PPP) project will be divided into two sections, with the first 24-kilometer section running across HCMC and the remainder through Tay Ninh Province.

It will be carried out in the 2022-2027 period under a build-operate-transfer contract. The builder will collect the toll for 18 years and one month.

The land area for site clearance is estimated at around 435 hectares, with 572 households affected.

HCMC will choose an investor in the second quarter of 2024 and carry out site clearance from the fourth quarter of 2023 to the third quarter of 2025.

Construction work might begin in 2024 and is expected to be completed in 2027.

After its completion, the expressway will form an adequate transport system in the southern key economic zone and help enhance the capacity of an international trade route connecting HCMC and Cambodia.

As the second highway running from HCMC and Tay Ninh, the expressway will help ease traffic congestion on National Highway 22.

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest articles