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Saturday, June 22, 2024

Private sector shows interest in HCMC-Tay Ninh road expansion

The Saigon Times

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HCMC – Several investors have expressed keen interest in a project of expanding National Highway 22, which connects HCMC and Tay Ninh Province.

Among the interested parties are a conglomerate comprising three construction companies— Vietnam Construction 168, Dac Dao Construction JVC, and Dong Thuan Ha Co. Ltd; Trung Nam Corporation, and Construction Investment Corporation 194.

The HCMC Department of Transport has disclosed that the selection process for the project’s contractor is set to commence in the third quarter of the upcoming year through a bidding invitation.

The expansion project, covering a 9.1-kilometer road section from An Duong intersection to Beltway No. 3, requires an investment of VND7,173 billion. This is one of the five build-operate-transfer (BOT) projects benefiting from special mechanisms under the National Assembly’s Resolution 98.

National Highway 22 is a crucial link between HCMC, Moc Bai International Border Gate, and Cambodia. However, frequent traffic congestion has plagued the route in recent years due to its narrow design and the substantial volume of vehicles traversing it.

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