Investing 8,833 billion VND to build 52 km of Ho Chi Minh City

Investing 8,833 billion VND to build 52 km of Ho Chi Minh City - Thu Dau Mot - Chon Thanh expressway

The investment project to build the Ho Chi Minh City – Thu Dau Mot – Chon Thanh expressway, the section through Binh Duong province with a length of 52.1 km, will be implemented under the PPP method.

Illustration photo.

The Chairman of Binh Duong Provincial People's Committee has just signed Decision No. 2680/QD-UBND approving the investment project to build the Ho Chi Minh City - Thu Dau Mot - Chon Thanh Expressway, the section passing through Binh Duong province under the PPP method.

This is a project proposed by the Joint Venture of Industrial Investment and Development Corporation - Technical Infrastructure Development Joint Stock Company - Deo Ca Group Joint Stock Company - Deo Ca Transport Infrastructure Investment Joint Stock Company.

The project starts at the intersection with Ho Chi Minh City Ring Road 3 in Thuan An City; the end point is at Km52 +159 (border between Binh Duong and Binh Phuoc provinces). The route passes through Thuan An City, Tan Uyen City and the districts of Bac Tan Uyen, Phu Giao, Bau Bang in Binh Duong Province.

The total length of the Project is about 52.159 km, of which the current section is 6.5 km long (from Ho Chi Minh City Ring Road 3 to Khanh Van intersection); the newly invested and constructed section is 45.659 km long (from Km6+500 to Km52+159).

The project has a scale of 4-lane highway, with continuous emergency lanes along the entire route, roadbed width of 25.5 m, design speed of 100 km/h (the first section of the route, 6.5 km long from Ring Road 3 to Khanh Van intersection, will keep the current road cross-section scale); sections with high traffic demand will invest in service roads to ensure 2 lanes for motor vehicles.

In addition, the Project also synchronously constructs works serving exploitation, operation center, intelligent traffic system, toll station, etc. to ensure effective implementation according to current standards and regulations.

The total investment of the Project (including interest) is VND 8,833.4 billion, implemented entirely by the investor's equity and commercial loans, without using State budget capital.

The project has a starting fee for group 1 vehicles of 1,468 VND/km; group 2 vehicles of 1,908 VND/km; group 3 vehicles of 2,495 VND/km; group 4 vehicles of 3,963 VND/km; group 5 vehicles of 5,577 VND/km. The fare increase roadmap will be based on actual conditions and regulations at the time to calculate and submit to the People's Council of Binh Duong province for specific consideration.

With the above financial parameters, the PPP project to invest in the construction of the Ho Chi Minh City - Thu Dau Mot - Chon Thanh expressway has a toll collection and capital recovery period of 32 years and 7 months; the project implementation period is from 2024 to 2027.

Binh Duong Provincial People's Committee decided to choose the form of investor selection for the Project as domestic open bidding.

The time for organizing the selection of investors will be determined after the People's Committee of Binh Duong province approves the feasibility study report, ensuring the timelines are in accordance with current regulations. The incentive mechanism in selecting investors for investors proposing the project will be implemented in accordance with the provisions of the Law on Investment under the PPP method and other relevant legal provisions.

The People's Committee of Binh Duong province assigned the Binh Duong Provincial Traffic Construction Investment Project Management Board to preside over and coordinate with relevant agencies to complete the bidding documents, submit them to competent authorities for consideration and approval as a basis for selecting investors and organizing the selection of investors in accordance with the provisions of law.

The Ho Chi Minh City – Thu Dau Mot – Chon Thanh Expressway Construction Investment Project is the North-South expressway axis of Binh Duong and Binh Phuoc provinces (radial axis cutting through Ring Road 4 and Ring Road 3, leading to Ring Road 2 of Ho Chi Minh City), connecting to the Gia Nghia ( Dak Nong ) – Chon Thanh (Binh Phuoc) expressway.

Therefore, this highway has an important meaning and role for the socio-economic development associated with ensuring national defense and security of the Southeast and Central Highlands regions.

The project creates development momentum, contributing to the successful implementation of the Resolution of the 13th National Congress of Delegates and the Resolution of the 11th Binh Duong Provincial Party Congress.

Source: https://baodautu.vn/dau-tu-8833-ty-dong-xay-52-km-cao-toc-tphcm—thu-dau-mot—chon-thanh-d225486.html