Binh Phuoc signs contract with Vingroup - Techtra to build Gia Nghia

On June 29, the People's Committee of Binh Phuoc province signed a contract with the Vingroup - Techtra Joint Venture to build Component 1 of the Gia Nghia (Dak Nong) - Chon Thanh (Binh Phuoc) Expressway under the public-private partnership (PPP) method and BOT contract.

Component project 1 (construction of the main road) of Gia Nghia - Chon Thanh expressway has a total length of more than 124 km, of which the section through Dak Nong province is more than 23 km long, the section through Binh Phuoc province is 101 km long.

Signing ceremony of the investment contract for the Gia Nghia - Chon Thanh Expressway Project between the People's Committee of Binh Phuoc province and the Vingroup - Techtra Joint Venture.

The project is invested with a scale of 6 lanes, with continuous emergency lanes, in the investment phase with a scale of 4 expressway lanes, design speed of 120km/h.

The total investment of the Project is 19,965 billion VND, of which the central budget capital participating in the Project is 6,842 billion VND, the investor mobilized 12,134 billion VND for construction.

The project implementation period is from 2025-2027. After completion, the investor will collect fees for an estimated period of 29 years and 4 months.

Speaking at the signing ceremony, Chairwoman of Binh Phuoc Provincial People's Committee - Ms. Tran Tue Hien emphasized that the Gia Nghia - Chon Thanh Expressway Project is of special importance, not only for Binh Phuoc and Dak Nong provinces but also for the entire Central Highlands and Southeast regions.

The formation of the Gia Nghia - Chon Thanh expressway will expand development space, create new growth momentum for both regions and effectively exploit land potential, promote tourism development, processing industry...

Once completed, the project will shorten travel time, reduce logistics costs, promote trade, attract investment, and create regional connectivity towards sustainable development.

The Chairman of the People's Committee of Binh Phuoc province requested that after signing the contract, the investor should promptly carry out the survey and prepare the design documents. The selection of construction units must be enterprises with sufficient capacity and experience to implement the project.

On the investor side, Mr. Tran Quoc Nguyen, Chairman of the Board of Directors of Techtra Infrastructure Investment and Development Joint Stock Company, committed to mobilizing sufficient resources to construct the Project on schedule, ensuring the best quality according to the signed contract.

Source: https://baodautu.vn/binh-phuoc-ky-hop-dong-voi-vingroup---techtra-xay-dung-cao-toc-gia-nghia---chon-thanh-d316690.html