HCMC – A consortium of T&T Group and FUTA Group has proposed developing an expressway in the Central Highlands province of Lam Dong with an investment of over VND12.5 trillion in the first phase.
The 73.64-kilometer expressway will start at an intersection with Nguyen Van Cu in Bao Loc City and end at an intersection with the Lien Khuong-Prenn Expressway at the gateway to Dalat City.
Of the total investment, VND2.5 trillion would be sourced from the State budget and VND1.5 trillion from Lam Dong’s budget, the local media reported.
On March 22, the Lam Dong Department of Transport stated that the provincial government had proposed the Ministry of Planning and Investment consider the prefeasibility study for the expressway project, which will be conducted under the public-private partnership (PPP) model.
The project was divided into two phases. In the first phase, which will last from 2022 to 2025, the road will have four lanes with a width of 17 meters and allow a maximum speed of 80 kilometers per hour. In the second phase, slated for after 2030, the road will be expanded to 24.75 meters wide, have an emergency lane, and allow a speed of 100 kilometers per hour.
The second phase of the project will require some VND5.42 trillion, which will be mobilized by the investor.
With a toll of VND1,700 per vehicle per kilometer, the capital in the first phase was expected to be recovered in 17 years and seven months and the second phase in 10 years and seven months.
A leader of the Lam Dong Department of Transport said the Bao Loc-Lien Khuong expressway is one of the three subprojects of the Dau Giay-Lien Khuong expressway with a total length of over 210 kilometers which will be connected to the Long Thanh-Dau Giay expressway.
The capital for the Dau Giay-Tan Phu section, whose investor is the Ministry of Transport, will be sourced from the State budget, while the Tan Phu-Bao Loc and Bao Loc-Lien Khuong sections whose investor is the Lam Dong government will be executed under the PPP mode.
The province plans to complete the two sections by 2025.