Leaders in Ho Chi Minh City and the southern province of Binh Phuoc on Thursday agreed on the construction of a VND36 trillion (US$1.5 billion) expressway linking the two localities.

The Ho Chi Minh City - Thu Dau Mot - Chon Thanh Expressway will stretch 70 kilometers from Chon Thanh District in Binh Phuoc Province to Go Dua Intersection in Ho Chi Minh City.

The route will also run through Thu Dau Mot City in Binh Duong Province.

The investment capital is estimated at VND36 trillion ($1.5 billion), of which 47 percent is expected to be funded by the state budget.

The expressway will consist of three main sections.

The first section stretches 1.5 kilometers in Ho Chi Minh City, costing approximately VND3 trillion ($130 million).

The second section spans 57 kilometers in Binh Duong Province, including 28 kilometers of elevated roads and 10 overpasses, which will cost VND30 trillion ($1.29 billion).

The third section is about 11.5 kilometers in Binh Phuoc Province, costing VND3 trillion ($130 million). This section will be designed with six lanes to facilitate the connection with the Dak Nong - Chon Thanh Expressway.

During a working session in January, Prime Minister Nguyen Xuan Phuc assigned Binh Phuoc People’s Committee to coordinate with relevant units to work on capital arrangement and construction format of the project.

The premier also requested the Ministry of Planning and Investment and related sides to map out a plan on channeling state budget into the implementation of the project.

Authorities in Ho Chi Minh City, Binh Duong, and Binh Phuoc will also submit their proposals regarding the construction of the expressway.

Once approved, the expressway is expected to be built within the 2021-30 period under the Public-Private Partnership (PPP) form.

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