Investors propose to build Tan Son Nhat approach road under PPP form

SGGP
The HCMC Department of Transport on Wednesday said a joint venture of three companies has proposed to build an above-ground approach road to Tan Son Nhat International Airport.

Truong Son street has regularly been congested with streams of vehicles to Tan Son Nhat International Airport (Photo: SGGP)

Truong Son street has regularly been congested with streams of vehicles to Tan Son Nhat International Airport (Photo: SGGP)

The joint venture comprises Corporation 319 under the Ministry of National Defense; East Mekong Commerce, Services, Manufacture and Construction Company and Dong A Infrastructure Corporation.
According to the proposal, the 3,240 meter long road will be built above the ground to reduce traffic jam for the airport’s entrance gateways under Public Private Partnership (PPP) model with the total capital of VND2.6 trillion (US$114.35 million).
Of the funds, the city will provide VND450 billion for site clearance. The joint venture will spend the remaining of VND2,150 billion and reclaim the investment capital with land fund.
The companies suggested the city to have a specific mechanism to implement the project, adding that they are attempting to do procedures for authorized agencies to approve the project’s feasibility study report by the third quarter. Construction is expected to start in the fourth quarter.
The road will start from Tan Son Nhat’s International Terminal T2, travel above Domestic Terminal T1 to reach and run along Thang Long and Phan Thuc Duyen streets, cross Hoang Van Thu park and a nearby intersection to ground at two spots in Hoang Van Thu and Nguyen Van Troi streets.

By QUOC HUNG – Translated by Hai Mien

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