A Ministry of Transport unit, the Thang Long Project Management Board, has asked the ministry to examine its feasibility study for the My Thuan-Can Tho Expressway’s first phase.
The 23.5-km expressway will be built by a public-private-partnership in build-operate-transfer mode.
It will have four lanes and a width of 17m, and pass through two Mekong Delta provinces, Dong Thap and Vinh Long.
The expressway is expected to cost VND6.15 trillion (US$276 million) including land acquisition.
To recoup the investment, Thang Long is seeking the right to collect toll of VND1,500 (0.07 US cent) per kilometre on the expressway for 20 years and six months and on the HCM City-Trung Luong Expressway or four years and 11 months starting in 2030.
If approved, construction will begin this year and be finished by mid-2019.