My Phuoc – Tan Van Expressway Project
Binh Duong has more than 18 industrial parks with a total area of 5,000-7,000 hectares which have been established in the northern areas of the province (Ben Cat, Dau Tieng, Phu Giao ...); GDP of Binh Duong has year-to-year increased by over 15% for years, especially increase in industry sector gained over 25%. As predicted, the fast growing of transport in Binh Duong will exceed 15% per year including the number of road transport vehicles. In addition, Binh Duong is a rapidly growing province in terms of population and social development. The speedy growth of industrial development is accelerating the process of attracting labours from other localities in the country. Binh Duong has a population of 1.5 million people (as of April 1, 2009) and the population growth is expected to reach 1.8 to 2 million people by 2020. Therefore, the development of new expressway My Phuoc - Tan Van is a key point of a transportation strategy for Binh Duong province. This helps to connect the new industrial parks with many sea ports (Thi Vai, Cai Mep), container ports (Dong Nai, Binh Duong, District 9 - Ho Chi Minh ports), and the new international airport (Long Thanh) meanwhile contributing to shorten the transit time by 25% and reduce transportation costs by 30%.
Under the decision by Binh Duong People's Committee on "The amendment on transport development planning in Binh Duong province towards 2020", it was determined that My Phuoc - Tan Van expressway be an important road of the entire province. Binh Duong People's Committee has assigned Becamex IDC to implement the project of My Phuoc - Tan Van expressway.
Starting from My Phuoc industrial park and urban complex, My Phuoc- Tan Van express way will run through several major industrial parks located on 4 districts and towns like Thu Dau Mot town, Thuan An and Di An districts to the international airport and seaport. The way is designed in a standard of high-class traffic with an average speed of 100km/h. When completed, My Phuoc- Tan Van expressway will connect to the Trans-Asia and Ho Chi Minh roads as well as transport system of the whole Southern Key Economic Zone. Total length of My Phuoc- Tan Van expressway includes 30 km of the main road and 12 km of road having 18 overfly bridges and 4 intersections to connect with the outside.
Investment form: My Phuoc - Tan Van expressway is invested in the form of BOT scheme.
Total investment capital: VND3,500 billion
Investor: Investment and Industrial Development Corporation (BECAMEX IDC CORP.)
Construction period: 4 years.
• Commencement: on August 7th, 2009.
• Operation and exploitation: expected early 2013
• Toll fee will be collected in the period of 46 years after the Work is completed, handed-over and put into operation.
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