The project is carried out under the public-private partnership (PPP) model with Bitexco Group as first investor and contributing 60% of the project’s investment capital.
Dau Giay-Phan Thiet expressway worth around US$757 million will have four lanes and a total length of some 100 kilometers. The expressway connects HCMC-Long Thanh-Dau Giay expressway in My Thanh Commune in Dong Nai Province with National Highway 1A in Binh Thuan Province.
Scheduled for completion in 2019, the expressway will help shorten travel time from HCMC to neighboring industrial development areas as well as tourist sites in the central coastal region.
According to Bitexco, the Ministry of Transport and the World Bank will hold roadshows for the project in India on Monday, in South Korea on Wednesday and in Singapore on July 26. Besides, the project will be introduced in Hanoi in mid-September.