New highway to Long Thanh International Airport
Project Area and Location
The Ho Chi Minh City – Long Thanh – Dau Giay Expressway (HLD Expressway) Project comprises construction of approximately 51 kilometers of four-lane, tolled expressway. The expressway will will commence at the junction of the Second Ring Road in District 9, Ho Chi Minh City (HCMC), and end at a junction with National Highway 1 at Dau Giay, Dong Nai Province. It will provide a direct connection from the center of hCMC to economic growth areas in provinces to the north of HCMC along National Highway 1, which connects HCMC to Hanoi. The expressway will be a toll road, with access initially restricted to three locations: the intersection with the Second Ring Road, the intersection with National Highway 51 at the southern end of Long Thanh town (near the to-be-constructed Long Thanh International Airport), and at Dau Giay. The project includes construction of a major new 1,700-meter bridge over the Dong Nai River at Long Thanh and two rest and service areas.
The below map provides details on the location of the HLD Expressway.
The Project will be cofinanced by ADB and Japan Bank for International Cooperation (JBIC), on a parallel basis with each civil works and consulting services contract funded by a single financier. JBIC will finance civil works for the HCMC – Long Thanh section; the ADB will finance civil works for the Long Thanh – Dau Giay section. However, ADB funding will be applied for all land acquisition and resettlement activities for the entire Project, and JBIC will fund an electronic toll collection and traffic information and monitoring system for the entire Project.
A loan of $410,200,000 from the ordinary capital resources of ADB will be provided under ADB’s London interbank offered rate (LIBOR)-based lending facility. The Government of Vietnam also requested a loan of about $ 444.5 million equivalent from the Government of Japan through the Japan Bank for International Cooperation (JBIC). Vietnam Expressway corporation will finance the remaining cost of about $4.6 million.
The below map shows the HCMC – Long Thanh – Dau Giay Expressway Project in the larger perspective of road construction in the Southern Key Economic Region.