HCMC – A HCMC leader has called for a clear investment and financial plan for the proposed Long Thanh–Ho Tram expressway project and submit an investment proposal in August.
During a recent field inspection of major infrastructure projects, including the Long Thanh–Ho Tram expressway, Bui Xuan Cuong, vice chairman of the People’s Committee of HCMC, emphasized the need to finalize a proper investment model and financing structure soon to meet the submission deadline, according to the Vietnam News Agency.
The 42-km expressway will link Beltway No. 4 and Provincial Road 991 to Road 994 in Ho Tram Commune. The project will require about 365 hectares of land to be cleared.
Three public-private partnership (PPP) options have been proposed, with total investment capital ranging from VND18.75 trillion to VND20.32 trillion. Land clearance costs are estimated at over VND5.76 trillion.
The Department of Finance has been assigned to work with investors to complete a pre-feasibility study. The Department of Construction and the Management Board for Regional Transport and Agricultural Sector Projects of Ba Ria-Vung Tau will assist in finalizing technical plans.
Authorities aim to select an investor in the first quarter of 2026. Land clearance and construction are expected to run through 2026–2028, with completion targeted for the third quarter of 2028.
