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Home English News PM allows HCMC to decide investment policy of HCMC-Moc Bai Expressway

PM allows HCMC to decide investment policy of HCMC-Moc Bai Expressway

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Prime Minister Nguyen Xuan Phuc has allowed HCMC to decide the investment policy of the HCMC-Moc Bai Expressway project, which will connect the city with Tay Ninh Province.

In a document sent to the governments of HCMC and Tay Ninh Province and the Ministry of Transport, the prime minister also demanded that the approval process and procedures of the project should comply with prevailing regulations.


A map illustrating the HCMC-Moc Bai Expressway (purple line)
(Photo: Le Anh)

The 53.5-kilometer HCMC-Moc Bai Expressway with four lanes is designed to start at Ring Road No. 3 in HCMC’s Hoc Mon District and end at National Highway 22 in Tay Ninh’s Moc Bai International Border Gate area.

The project would need an estimated investment of VND10.7 trillion. The governments of HCMC and Tay Ninh Province have proposed that the expressway be built under the public-private partnership model.

Once in place, the expressway will be the shortest road connecting the East-West economic corridor with neighboring countries, including Cambodia and Thailand.

It is also expected to ease traffic congestion on National Highway 22 and assist with the development of industrial parks and export processing zones along the expressway, especially the Moc Bai Border Gate Economic Zone.

(The Saigon Times)

 

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