Date: July 16, 2003
Source: Asia Pulse
Author:

HANOI, July 16 Asia Pulse - The Prime Minister has given the green light to Ho Chi Minh (Ho Chi Minh) City's scheme to seek foreign investors for the construction of the proposed Ho Chi Minh City-Long Thanh-Vung Tau expressway under a build-operate-transfer (BOT) arrangement.
The 95km-long expressway, estimated to cost US$500 million, will shorten the distance between the southern economic hub and to the resort city of Vung Tau by 27km.

Construction of the expressway is considered vital for the development of the coastal province of Ba Ria-Vung Tau, part of the southern key economic zone. The city also intends to build another expressway, the 54km-long Ho Chi Minh City-Long Thanh -Dau Giay route, estimated to cost more than US$217 million.