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Sunday, January 24, 2021

Toll collection to reduce by 26 months once My Thuan-Can Tho expy is ready

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CAN THO – At a meeting on June 11 with Deputy Minister of Transport Nguyen Nhat during his trip to Tien Giang Province to inspect the progress of the Trung Luong-My Thuan expressway project, BOT Trung Luong-My Thuan JSC pledged to reduce the toll collection period by 26 months if the My Thuan-Can Tho expressway project is developed.

According to the firm, if the My Thuan-Can Tho Expressway is added to the Trung Luong-My Thuan expressway project, the time to recoup the capital for the entire project through toll collection will be reduced from 14 years and eight months to 12 years and six months.

Even though the coronavirus pandemic has affected the transportation of materials for the construction over the past few months, the Trung Luong-My Thuan Expressway will still be put into operation this year, stated Ho Minh Hoang, chairman of BOT Trung Luong-My Thuan JSC. The expressway project is 50% complete.

He, however, said that once the Trung Luong-My Thuan Expressway is in place, it will not contribute much to the economic development of the Mekong Delta region if the My Thuan-Can Tho expressway project is yet to be implemented.

As such, the firm proposed adding the My Thuan-Can Tho Expressway to the entire project.

Accordingly, the My Thuan-Can Tho expressway project will be funded by the State budget at VND2.4 trillion or 50% of the total investment and from the investor’s equity and other capital sources.

BOT Trung Luong-My Thuan JSC also pledged to ensure that the My Thuan-Can Tho Expressway would be opened to traffic in 2021 and be completed in 2022, reducing the construction time by half.

By Trung Chanh

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