HCMC – The HCMC People’s Council has approved a resolution revising up the investment cost of the HCMC-Moc Bai Expressway to VND21.5 trillion, according to Vietnam News Agency.
The project will be implemented through a build-operate-transfer (BOT) or public-private partnership (PPP) contract.
Under the resolution, the total capital for the project will increase by VND5.5 trillion to VND21.52 trillion, with VND9.82 trillion coming from the State budget and VND11.7 trillion from investors.
The construction cost was initially estimated at VND9.8 trillion, while the expenses for site clearance, resettlement, and compensation would be VND6.9 trillion.
The HCMC-Moc Bai Expressway will initially have four lanes. It will be over 51 kilometers long, an increase of more than one kilometer compared to the previous plan.
The project is expected to commence construction before April 30, 2025, and be completed before December 31, 2027.
Once completed, the HCMC-Moc Bai Expressway would ease traffic on National Highway 22, establish a better transportation system in the southern key economic zone, and enhance the capacity of an international trade route connecting HCMC and Cambodia.