Masterise Group proposes to study metro project No. 3, Ho Chi Minh City under BT form

Masterise Group proposed that the Ho Chi Minh City People's Committee allow the enterprise to prepare a proposal for Metro Line 3 Project (An Ha - Hiep Binh Phuoc depot), in the form of BT payment by land fund.

Masterise Group has just sent a document to the People's Committee of Ho Chi Minh City, proposing to prepare an investment dossier for Metro Line 3 Project (An Ha - Hiep Binh Phuoc depot) under the public-private partnership (PPP) method, BT contract type (build - transfer).

According to the plan, metro line No. 3 has a length of 45.8 km, starting point at An Ha (old Binh Chanh district) and ending point at Hiep Binh Phuoc depot (old Thu Duc city).

The route passes through many key traffic axes such as: An Ha - Le Minh Xuan - Tan Kien station - National Highway 1 - Kinh Duong Vuong - Hong Bang - Hung Vuong - Cong Hoa 6-way intersection - Nguyen Thi Minh Khai - Xo Viet Nghe Tinh - National Highway 13 - Hiep Binh Phuoc depot.

Recently, metro construction projects in Ho Chi Minh City have received the attention of many investors (illustrative photo)

Regarding the investment form, Masterise proposed to implement it under the public-private partnership (PPP) method, BT (build-transfer) contract type, and payment by land fund.

Through research, businesses assessed that Metro Line 3 Project meets the criteria of the PPP Investment Law, with many advantages such as mobilizing social resources, taking advantage of management experience and technology of the private sector. Thereby concretizing the spirit of Resolution 68 of the Politburo on private economic development.

On the other hand, the PPP investment form also helps shorten implementation time, reduce pressure on the budget, and create conditions for Ho Chi Minh City to focus resources on investing in other key projects.

The enterprise commits to self-arranging the budget to prepare the project proposal, submit it to the competent authority for appraisal and approval according to regulations and bear all costs and risks if the application is not approved.

Before proposing to prepare an investment dossier for Metro Line 3 Project (An Ha - Hiep Binh Phuoc depot), Masterise Group proposed to study the investment in Can Gio Bridge, Phu My 2 Bridge and the highway connecting Ho Tram Tourist Area to Long Thanh International Airport.

Source: https://baodautu.vn/tap-doan-masterise-de-xuat-nghien-cuu-du-an-metro-so-3-tphcm-theo-hinh-thuc-bt-d419450.html