The HCM City – Moc Bai Highway project is expected to reduce traffic on National Highway 22, which is the only road connecting HCM City and Tay Ninh province (Source: VNA)HCM City (VNS/VNA) - The authorities of Ho Chi Minh City and Tay Ninh provinceare building shopping malls and service facilities along the HCM City – Moc BaiHighway to raise revenue for construction of the highway.
Theauthorities in both localities agreed to clear land at the intersectionof Ring Road No 3 and No 4 to build parking lots, shoppingmalls and service facilities, according to the HCM City People'sCommittee. Compensation will be paid to affected residents.
Vo VanHoan, Vice Chairman of the People's Committee, assigned the city’s Departmentof Planning and Investment and Department of Natural Resources and Environmentto work with other agencies to submit a plan on theconstruction of these facilities by today. He also asked them toorganise bidding to select investors.
Thehighway, which is being implemented under a public-private partnership,will connect the city with Moc Bai International Border Gate in Tay Ninh province.
The roadwill run from Ring Road No 3 in HCM City’s Hoc Mon district to Moc Bai, aninternational border gate between Vietnam and Cambodia in southern Tay Ninh province.
The firstphase will involve the construction of two separate sections of the highway.
The firstwill be a 33km section from HCM City to Tay Ninh province’s Trang Bang district,which will have four lanes, with a maximum speed of 120km per hour for vehicles.
Thesecond section from Trang Bang to Moc Bai will be 20.5km longand have four lanes with a designed speed of 80km per hour.
After thetwo sections are completed, the second phase of construction will expand theexpressway from six to eight lanes.
It willbe completed in two phases and cost 10.7 trillion VND (459.36 millionUSD).
Bothlocalities will pay land clearance compensation from their respective budgets.HCM City will pay 2 trillion VND (85.87 million USD) and Tay Ninh 1trillion VND (42.94 million USD).
Theremaining construction costs will be covered by private investors who will beselected in a bidding process or appointed by the government.
Currently,the only road connecting HCM City and Tay Ninh province is National Highway 22,which has become overloaded.
The HCMCity – Moc Bai Highway project will meet the transport demand of the region andfit with the national highway network plan.
Inparticular, the highway will shorten the time it takes to travel from HCM Cityto the international border gate, and strengthen the connection between Vietnam’skey southern economic zones and the East-West economic corridor, includingMyanmar, Thailand, Laos, Cambodia and Vietnam.
It willalso connect to the Asian Highway Network through Cambodia’s Phnom Penh – Bavethigh-speed expressway.-VNS/VNA
VNA
