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Tuesday, July 23, 2024

HCMC section of interprovincial beltway gets higher cost

The Saigon Times

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HCMC – The Transport Ministry has issued a decision approving the site clearance cost adjustment of the HCMC section of an interprovincial beltway from VND149 billion to nearly VND1.6 trillion.

The section connecting Tan Van in HCMC and Nhon Trach in neighboring Dong Nai Province is part of the Beltway No.3 project linking HCMC, Binh Duong, Dong Nai and Long An.

The total investment cost of the Tan Van-Nhon Trach section was revised up to over VND6.955 trillion (US$300 million) from the initial original VND5.329 trillion (US$230 million).

The cost rise was attributed to the addition of VND1.626 trillion (US$70 million) to site clearance spending.

Of this, the site clearance cost in Dong Nai Province is up from some VND476 billion to over VND651 billion, and the cost in HCMC to nearly VND1.6 trillion from the previous VND149 billion.

The capital adjustment also led to changes in the percentage of capital pledged for the section. Official Development Assistance provided by South Korea is US$190.77 million, and the Vietnamese Government’s reciprocal capital is over VND2.779 trillion.

To ensure the project will be implemented as scheduled, the ministry asked the authorities of HCMC and Dong Nai to map out plans on compensation and resettlement, collect the ministry’s feedback on the plans, and appraise, approve, and execute the plans in line with the prevailing regulations.

The ministry also asked the My Thuan Project Management Board, which is in charge of managing the project, to conduct further steps following the ministry’s capital adjustment decision and complete the project as planned.

The Tan Van-Nhon Trach section has a total length of 8.75 kilometers, including 6.3 kilometers running across Dong Nai Province and 2.45 kilometers in HCMC. The road will start at Provincial Road 25B in Dong Nai’s Nhon Trach District and end at the HCMC-Long Thanh-Dau Giay Expressway in Thu Duc City.

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