LONG AN INVESTMENT PROMOTION CONFERENCE 2016

CO-OPERATION - SUSTAINABLE DEVELOPMENT

Transportation-Urban area Axis Infrastructure connecting to HCMC

The project would help developing Long An into a satellite center city competing to and sharing HCMC role to help to reduce overconcentration in the functions of HCM- an old densely populated city

Location

Departure point at Ward 5, Tan An City, Long An Province, destination point at Nguyen Van Linh avenue, Ho Chi Minh city, Viet Nam. Building axis infrastructure, public modern transportation system, trading, service and light industry.

Size

equivalent to road in level II Delta

Actual state of land use

Residential land ,agricultural land, industrial land

Site clearance partly completed

Total estimated investment capital

USD 250 million

Investment form

budget capital, enterprise capital (combine with exploiting land budget along the road)

Progress of the project

- Phase 1 (2016-2020): work out a plan, project document, plan and agree on the connecting point to Ho Chi Minh city

- Phase 2 (2021-2025) and Phase 3 ( after 2025): will carry out finishing investment

Actual state of the project

For Transportation Infrastructure : determined its direction

For Urban area Axis : the consultancy is establishing mission of construction project

Economic effect

- Building a modern public transportation system, developing riverside area. Developing Tan An city - Ben Luc Urban area Axis

- Developing into a satellite center city competing to and sharing HCMC role to help to reduce overconcentration in the functions of HCM- an old densely populated city

Incentive policy

Benefit from policies in accordance with current law