Signing of PPP contract for the project to expand the Ho Chi Minh City - Trung Luong

Contract signing ceremony for the investment project to expand the Ho Chi Minh City - Trung Luong - My Thuan expressway under the public-private partnership model

At the contract signing ceremony, Director of the Vietnam Road Administration Bui Quang Thai said that the expansion of the Ho Chi Minh City - Trung Luong - My Thuan expressway after more than 15 years of operation is an urgent requirement to complete the infrastructure to serve the goals of socio-economic development and ensure national defense and security in the new situation.

This is one of the first projects to apply new legal regulations on investment under the PPP method, helping to significantly shorten the order, procedures and implementation time. From the time of approving the investment policy to approving the project, selecting investors, and signing the contract, it only takes nearly 10 months, 5-8 months shorter than before. The project is being finalized to complete procedures to start construction on December 19.

According to the approval of the Ministry of Construction , the project has a total length of about 96.13km; the Ho Chi Minh City - Trung Luong section is divided into 8 lanes with a design speed of 120km/h, the completed phase has 10-12 lanes with a design speed of 120km/h. The Trung Luong - My Thuan section and the section from An Thai Trung intersection to the northern end of My Thuan 2 bridge are invested with a scale of 6 lanes according to the plan, with a design speed of 100km/h.

The project has a total investment of 36,172 billion VND. Of which, compensation, support and resettlement costs are more than 5,087 billion VND; construction costs are more than 20,770 billion VND... The investor's equity accounts for 15%, capital mobilized by the investor accounts for about 85%.

The project is a special traffic project, with implementation starting in 2025 and completion and operation in 2028; the toll collection period is 17 years and 3 months. The road service price for group 1 vehicles in the period 2029-2031 is 2,100 VND/km, increasing gradually each year to 4,642 VND/km in 2050-2052.

The designated investors include: a consortium of Deo Ca Group Joint Stock Company, Ho Chi Minh City Infrastructure Investment Joint Stock Company, Tasco Joint Stock Company, Hoang Long Construction Investment Corporation, and CII Service and Investment One Member Co., Ltd.

BICH QUYEN

Source: https://www.sggp.org.vn/ky-hop-dong-ppp-du-an-mo-rong-duong-cao-toc-tphcm-trung-luong-my-thuan-post827481.html