Tiếng Việt
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Project Management Unit 2, under the Directorate for Roads of Vietnam, presented the project’s prefeasibility study to the Ministry of Transport for appraisal, according to Nguyen Van Tam, deputy director of the HCMC Department of Transport.
With a total length of 53.5 kilometers, the expressway project will start at Ring Road No.3 in the city’s outlying district of Hoc Mon and end at the Moc Bai border gate. It will be built in two sections: a 33-kilometer section running from HCMC to Trang Bang and a 20.5-kilometer section from Trang Bang to Moc Bai.
The HCMC-Trang Bang section is scheduled to have four lanes with a maximum allowed speed of 120 kilometers per hour. The Trang Bang-Moc Bai section was proposed to be designed as a four-lane road with a maximum allowed speed of 80 kilometers per hour.
Built under the public-private partnership format, the entire project will cost an estimated VND10.7 trillion in the first phase, with capital from investors accounting for some 51%.
As for the State’s funding, the transport ministry has plans to tap official development assistance (ODA) capital from South Korea.
However, the Tay Ninh side does not support the use of ODA capital, explaining that these funds would increase pressure on the public debt ceiling and would be time-consuming due to the cumbersome procedures to have the capital disbursed.
The authorities of Tay Ninh, after the discussions, petitioned the prime minister and the transport ministry to allow HCMC to act as the authorized State unit to execute the project, in collaboration with Tay Ninh.
The two localities also proposed covering the site clearance costs of some VND3 trillion, with HCMC taking charge of some VND2 trillion and the remainder being paid by Tay Ninh. As for the remaining capital needed for the project, at some VND8 trillion, they proposed the Government host tenders to select investors.
Once completed, the project is expected to break the monopoly position of National Highway 22 and shorten the distance between HCMC and the Moc Bai border gate, while improving the connectivity between the southern key economic zone, the East-West economic corridor and the Trans-Asia Road to the Phnom Penh–Bavet expressway, thus bolstering the country’s socioeconomic growth.
Also, the project will help ease traffic congestion and reduce traffic accidents on National Highway 22 and boost the growth of industrial and processing zones located along the expressway in Tay Ninh, particularly the Moc Bai Border Gate Economic Zone.