HCMC – The Dong Nai People’s Council has passed a plan to allocate over VND2.6 trillion for site clearance and compensation of the first phase of the Bien Hoa-Vung Tau expressway project, which will link the province and Ba Ria-Vung Tau, heard a meeting on May 24.
The allocated budget will cover 50% of compensation and land clearance costs of the 34-kilometer section running through the province, the local media reported.
The compensation and site clearance capital will be sourced from the mid-term public investment fund and an increase in budget revenue in the 2021-2025 period.
The section to be built in the province will cost VND12.6 trillion, including VND5.2 trillion for site clearance and compensation.
Speaking at the meeting, Thai Bao, chairman of the Dong Nai People’s Council, said that the Bien Hoa-Vung Tau expressway is a project of national importance. When in place, the expressway is expected to meet the transport demand, ease traffic congestion and ensure traffic safety on National Highway 51 as an axis route currently linking the two provinces.
Besides, the expressway will enhance connectivity between Dong Nai and other provinces in the Southern Key Economic Zone thanks to its connection with the Long Thanh International Airport and the HCMC-Long Thanh-Dau Giay and Ben Luc-Long Thanh expressways.
The Bien Hoa-Vung Tau expressway project will stretch 54 kilometers in length, have four to six lanes and require a total of nearly VND18 trillion. The project is set to get off the ground in 2023.