The Ministry of Construction has approved the investment project to expand the Ho Chi Minh City - Trung Luong - My Thuan expressway with a total investment capital of over VND36,172 billion (nearly $1.4 billion) under the Public-Private Partnership (PPP) model, specifically a BOT (Build-Operate-Transfer) contract.
The project aims to meet the increasing transport demand from the Southwestern provinces (Mekong Delta) to Ho Chi Minh City, the Southeastern region, key economic hubs, international border gates, and seaports. Additionally, it seeks to create opportunities for regional spatial development and contribute to ensuring national defense and security.
The expressway spans a total length of approximately 96.13 km, passing through Ho Chi Minh City, Tay Ninh province, and Dong Thap province.
The project is expected to commence in 2025, with completion and operation scheduled for 2028. The payback period via toll collection is estimated at 17 years and 3 months.
The total land area utilized is approximately 1,070 ha, requiring additional site clearance of over 120 ha in Ho Chi Minh City, Tay Ninh, and Dong Thap.
The consortium designated to execute the project consists 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 Company Limited.
The project includes the construction of 66 new and expanded bridges, the installation of an intelligent transportation management system (ITS), an electronic toll collection system, and vehicle weight control to ensure synchronization with connecting routes.
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