Tuesday, July 23 2019

VietNamNews

Implementation of HCM Expressway section halted

Update: June, 13/2019 - 16:44

 

A flyover being constructed on the HCM Expressway running through Chơn Thành-Đức Hòa. — Photo vietnamfinance.vn

HÀ NỘI — Deputy Prime Minister Trịnh Đình Dũng has asked the Ministry of Transport to consider halting the implementation of a Build-Operate-Transfer (BOT) transport project that connects the provinces of Bình Dương and Long An.

According to deputy transport minister Nguyễn Ngọc Đông, the financial plan for the HCM Expressway section running through Chơn Thành-Đức Hòa is unfeasible and will not attract investors.

To recoup investment, the investor has to build two toll booths to collect fees. People living around the area have to pay fees and are opposed to such a plan.

The transport ministry realised the inappropriate plan of BOT fee collection and decided to seek approval from the Government in order to stop the project's implementation.

The HCM Expressway’s section from Chơn Thành to Đức Hòa covers 83km and runs through Bình Phước, Bình Dương, Tây Ninh and Long An provinces in the Mekong Delta. — VNS

 

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