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HCM City proposes six BOT transport projects worth over 4 billion USD

Ho Chi Minh City’s Department of Transport has proposed six transport projects built under Build-Operate-Transfer (BOT) contracts with a total investment of more than 97 trillion VND (4.11 billion USD).
HCM City proposes six BOT transport projects worth over 4 billion USD ảnh 1HCM City proposes six BOT transport projects worth over 4 billion USD. (Photo: VNA)

HCM City (VNS/VNA) – Ho Chi Minh City’s Department ofTransport has proposed six transport projects built underBuild-Operate-Transfer (BOT) contracts with a totalinvestment of more than 97 trillion VND (4.11 billion USD).


Mobilising more investment from the private sector is a viable wayto raise funds for urgent projects while the State budget is still limited, thedepartment said.

The proposed projects will be upgrading and widening existingmain roads to residential areas, gateways and neighbouring provinces that areexpected to have increasing transportation demand.

They include upgrading a 9.6km-long section on National HighwayNo. 1A with total estimated investment of 12.9 trillion VND (548 millionUSD).

Other projects include upgrading a 9.1km-long section onNational Highway No. 22 for 1.2 trillion VND (51 million USD), and a 5.8kmsection of National Highway No.13 for 12.2 trillion VND (518 million USD).

A 9.7km extension of the east-west axis connectingwith Ring Road No. 3 will have total investment of 13.8 trillion VND (560.4million USD).

Widening a 26.8km section on the north-south road axis to Hiep PhuocIndustrial Park will cost 54.2 trillion VND (2.3 billion USD), andupgrading a 5.8km parallel road to National Highway No. 50 will cost about3.8 trillion VND (161 million USD)./.
VNA
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