Ho Chi Minh City proposes to invest in 3 BT projects worth 14,600 billion VND with deferred payment from the budget
Ho Chi Minh City Department of Transport proposed to invest in 3 road projects in Hoc Mon and Binh Chanh districts, in the form of BT with deferred payment using state budget capital.
The Ho Chi Minh City Department of Transport has just issued Document No. 14208/SGTVT – KH to the Department of Planning and Investment proposing 3 transport projects to apply the BT contract type of special investment mechanism according to Resolution No. 98/2023/QH15.
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| Some proposed BT projects will connect to the Ring Road 3 section through Hoc Mon district under construction – Photo: LM |
Project 1: construction of Phan Van Hon parallel road (from National Highway 1 to Ring Road 3) in Hoc Mon district with a length of 8.5 km, width of 30 m, total investment of 3,720 billion VND. This route will connect with many land plots along Ring Road 3, implemented according to the TOD model ( urban area around traffic hubs ).
Second project: construction of a new road in the Northwest, Binh Chanh district (from Ring Road 2 to the border of Long An province) with a length of 10 km, width of 40 m, total investment of 5,200 billion VND, of which site clearance is about 3,900 billion VND.
Third project: construction of the East-West axis road (now Vo Van Kiet road) extending from National Highway 1 to the border of Long An province. The project is 12.2 km long, 60 m wide, with a total investment of 5,776 billion VND.
The total investment capital of the above 3 BT projects is 14,696 billion VND, proposed to be paid in installments using the State budget to enhance the ability to mobilize social resources to invest in key and urgent projects when the City budget is still limited.
To have capital to pay investors for the three BT routes mentioned above, Ho Chi Minh City plans to auction many plots of land along Ring Road 3 and metro routes.
According to the plan, 3 BT projects with deferred payment using budget capital will be implemented from 2026-2030.
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