Revealing investment plan to upgrade Ho Chi Minh City - Trung Luong - My Thuan expressway
The main research scope of this Project is the entire 91 km long expressway from Ho Chi Minh City to My Thuan, including intersections, on-route works, intelligent traffic systems and toll collection systems.
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| A section of the Ho Chi Minh City – Trung Luong highway. |
Project Management Board 7 (Ministry of Transport) has just sent a document to the Ho Chi Minh City People's Committee regarding the investment project to expand the expressway section Ho Chi Minh City - Trung Luong and Trung Luong - My Thuan.
Accordingly, the unit assigned by the Ministry of Transport to prepare the Pre-Feasibility Study Report of the Project requested the Ho Chi Minh City People's Committee to consider and soon reach a consensus on a number of contents related to the investment in the construction and expansion of the Ho Chi Minh City - Trung Luong and Trung Luong - My Thuan expressways.
Specifically, this project will start at Cho Dem intersection (at Km9+325); with a scale of 8 complete lanes and 2 emergency lanes for the section from Ho Chi Minh City (including Cho Dem intersection) to Trung Luong.
Ho Chi Minh City People's Committee will invest in completing the two routes Tan Tao - Cho Dem and Binh Thuan - Cho Dem with a scale of 8 lanes using appropriate investment methods and complete in the period of 2024 - 2028 to ensure synchronous connection and promote the investment efficiency of the Project.
It is known that this project was proposed for investment by the Consortium of Deo Ca Group Joint Stock Company - Ho Chi Minh City Technical Infrastructure Investment Joint Stock Company - Tasco Joint Stock Company.
The main research scope is the entire 91 km long expressway from Ho Chi Minh City to My Thuan, intersections (interconnecting and direct), works on the route (bridges, culverts, etc.), intelligent traffic system, toll collection system and contents according to the opinions of Ho Chi Minh City, Long An province, Tien Giang province, Vietnam Road Administration.
Project Management Board 7 said that, based on the results of the research on the scope of investment, the investor consortium, based on the legal basis of the Project, calculated and built investment scenarios for the Ho Chi Minh City - Trung Luong and Trung Luong - My Thuan sections to select the optimal investment option (investing in each section independently, combining 2 sections into a project, investing in the public investment method, investing in the PPP method).
The investor proposed the optimal solution is to invest in expanding the entire Ho Chi Minh City - Trung Luong - My Thuan expressway, 91 km long, in the period of 2024 - 2028 under the PPP method, BOT contract form, without state budget capital participating in the project.
The project will start at Cho Dem intersection (at Km9+325), in Ho Chi Minh City; end at An Thai Trung intersection (at Km101+126), in Tien Giang province.
In particular, the section from Ho Chi Minh City (including Cho Dem intersection) to Trung Luong has a scale of 8 complete lanes, 2 emergency lanes (of which about 1.2 km passes through Ho Chi Minh City); the section from Trung Luong to My Thuan (An Thai Trung intersection) has a scale of 6 complete lanes, 2 emergency lanes.
The total preliminary investment of this Project is about 32,270 billion VND and the toll collection period to recover capital is about 17 years and 4 months; the implementation period is from 2024 to 2028.
According to the investor's research results, the investment in completing the two routes Tan Tao - Cho Dem and Binh Thuan - Cho Dem with a scale of 8 lanes is necessary, in accordance with local planning as well as traffic demand forecast results and must be completed synchronously with the implementation time of the Project to promote investment efficiency.
However, both routes are being managed and exploited by the Ho Chi Minh City People's Committee and are urban roads.
According to the Law on Investment under the PPP method No. 64/2020/QH14 and the Road Law No. 35/2024/QH15, effective from January 1, 2025, the Project to invest in expanding the above two connecting routes under the PPP method is not in accordance with regulations.
In addition, in Notice No. 86/TB-BGTVT dated August 23, 2024, Minister of Transport Nguyen Van Thang also requested "researching investment in construction items within the project scope to ensure the feasibility and effectiveness of the investment method and financial plan of the project".
Therefore, the investor recommends that the Ho Chi Minh City People's Committee consider investing in completing the two routes Tan Tao - Cho Dem and Binh Thuan - Cho Dem using appropriate investment methods and completing the project implementation time synchronously to promote investment efficiency.
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