The Government has just submitted to the National Assembly a pre-feasibility study report for the Chau Doc – Can Tho – Soc Trang expressway construction project, phase 1.
According to the Government’s report, the transport infrastructure system in general and the Mekong River Delta region in particular has not yet met the requirements of economic development, cannot ensure synchronization, efficiency, and has not been fully exploited regional socio-economic development potential.
The preliminary total investment of Chau Doc – Can Tho – Soc Trang phase 1 is about 44,691 billion VND
With the advantage of large capacity, high speed, convenience and safety, the Chau Doc – Can Tho – Soc Trang expressway shortens the travel distance from Chau Doc to Tran De port about 12 km and takes 1.5-2 hours compared to the existing national highways (Follow existing national highways such as National Highways 91, 91B).
The project’s starting point intersects with National Highway 91, Chau Doc city, An Giang province; The end point of the project is at Tran De port area, Soc Trang province. Total length is about 188.2 km. Specifically, An Giang province (about 56.7 km), City. Can Tho (about 37.7 km), Hau Giang province (about 37.7 km) and Soc Trang province (about 56.1 km).
In the context of difficult state resources, in order to match the ability to balance capital sources and ensure investment efficiency, the Government recommends investing in a 4-lane cross-sectional investment to ensure the operating speed of 80 km/h, all geometrical and technical elements meet the expressway standards with a design speed of 100 km/h.
According to calculations, if the investment is under the method of public-private partnership, the state’s capital contribution is up to 60% of the total investment with a 30-year payback period, exceed the maximum level of 50% as prescribed by the Law on Investment under the mode of public-private partnership. The Government proposes to apply the form of public investment. The Government proposes to apply the form of public investment. Upon completion, a fee will be collected to return the allocated state budget capital for the project.
The preliminary total investment in phase 1 is about 44,691 billion VND. The Government has developed a number of specific mechanisms and policies, and if applied, the project implementation schedule is expected to be as follows: project preparation from 2022, basically completing some sections of the route with high traffic volume in 2025, basically completing the entire route by 2026.