Proposal to invest more than VND8.3 trillion in building Dau Giay - Tan Phu Expressway

Dau Giay - Tan Phu Expressway has the starting point coincident with the end point of HCMC - Long Thanh - Dau Giay Expressway.

The Thang Long Project Management Board has submitted to the Ministry of Transport for approval the investment policy of the Dau Giay - Tan Phu Expressway construction investment project (phase 1) under the Public-Private Partnership (PPP) mode.

Accordingly, the Dau Giay - Tan Phu Expressway project has a total length of more than 60 km. The starting point is at Km0+000, intersects with National Highway No.1 at Km 1829+500, coincides with the end point of the Ho Chi Minh City - Long Thanh - Dau Giay Expressway, in the territory of Thong Nhat District. The end point is at Km60+100 (through the intersection with National Highway 20 at Km69+400), in the territory of Phu Trung Commune, Tan Phu District.

Based on transport needs and existing resources, in order to ensure investment efficiency, Thang Long Project Management Board proposes to phase out the investment in phase 1 with a scale of 4 lanes, a width of the ground 17m road with a design speed of 100km per hour. Preliminary total investment of the project is more than VND8,300 billion, in which, the cost of construction and equipment is nearly VND5,000 billion; the cost of site clearance is nearly VND1.3 trillion and other expenses.

Regarding capital sources and capital mobilization plans, the Thang Long Project Management Board proposed that the State support the cost of site clearance and construction expected in the medium-term public investment plan for the 2021-2025 period which is VND1,300 billion; capital mobilized by investors is more than VND7,000 billion. If approved, the project is expected to be prepared from 2021 - 2022; investor selection during 2022 - 2023; implementing site clearance and resettlement during 2022 - 2023 and construction work during 2023 - 2025.

Dau Giay - Tan Phu Expressway Project is a component project in the overall project of Dau Giay - Lien Khuong Expressway.

                                                                                             Phan Anh