Vietnam-Cambodia expressway plan

HO CHI MINH CITY  A Ho Chi Minh City-based company has proposed developing a 84.5 km privately operated expressway to connect the city outskirts with a neighbouring province that borders Cambodia.
Tuoi Tre News reported the proposed expressway would link the city to Moc Bai International Border Gate in Tay Ninh province to improve trade and transport between Vietnam and Cambodia.
Cuu Long Corporation confirmed a proposal had been submitted to the Ministry of Transport to build the expressway, which would also allow the company to manage and set appropriate toll fees.
The project would cost USD1.37 billion and would be developed as a BOT (Build-Operate-Transfer) concession, the company said. Usually a BOT is valid for 30 years with a possible extension of another 15 years.
inside no 10The project’s investment and working capital will come from many sources, including Official Development Assistance (ODA) and loans from the Asian Development Bank, according to the company.
The expressway would run from the Thu Duc Crossroads in Thu Duc district to the intersection between highway 22 and provincial road 786 in Tay Ninh’s Ben Cau district.
If approved by the ministry, construction would start in 2018 and the road would open by 2021.
Moc Bai is an international border gate in Tay Ninh province, with counterpart, Bavet border gate, in Svay Rieng province, Cambodia, about 170 km from Phnom Penh.

sourced:ttrweeklynews.asia