The first phase of the US$1billion Trung Luong-Can Tho Expressway project in the Mekong Delta will break ground on December 20 and is expected to be complete in 2018, the Vietnamese Ministry of Transport said on Friday.
During the phase, a 54km part of the 78km expressway will be built to link Trung Luong in the southern province of Tien Giang to My Thuan – also in the province – at an estimated cost of VND14.5 trillion ($680.5 million).
The section will have four lanes, including two – about 2.5 meters in width each – for vehicles traveling at 80kph and two others – 2.75 meters wide each – for those running at 40kph.
Thirty-eight bridges, 8.1km in total length, will be constructed over many rivers flowing through the section.
Upon the completion of the first phase, the second phase of the project will be implemented to build the remaining 24km of the expressway, linking My Thuan to Can Tho City – known as the capital of the delta.
The second phase is expected to be complete in 2020, at a cost of about VND7 trillion ($328.5 million).
As such, the total investment in the two phases amounts to VND21.5 trillion ($1.009 billion).
The investor is Cuu Long Corporation for Investment, Development, and Project Management of Transportation Infrastructure, which will carry out the project in the form of BOT (Build-Operate-Transfer).
Cuu Long will recoup its investment by collecting fees from vehicles traveling on the expressway.