Vietnam Road Administration signed a contract for the Dau Giay - Tan Phu expressway project with the investor.

(PLVN) - This morning (June 5), the Vietnam Road Administration and the Truong Hai - Son Hai Transport Infrastructure Development and Construction Joint Venture (Dai Quang Minh Real Estate Investment Joint Stock Company - Son Hai Group Company Limited) signed the BOT Contract for the Dau Giay - Tan Phu Expressway Construction Investment Project (phase 1) under the PPP method.

According to Mr. Nguyen Viet Huy, Deputy Director of the Vietnam Road Administration, the Dau Giay - Tan Phu Expressway project is the first project that the Ministry of Construction has organized a bidding to select investors according to the provisions of the PPP Law. The Dau Giay - Tan Phu Expressway construction investment project (phase 1) has a construction period of 24 months.

Leaders of Vietnam Road Administration signed a contract with the investor.

Implementing the Party and State's policy of promoting decentralization, this is also the first project that the Ministry of Construction has decentralized and authorized the Vietnam Road Administration to be the agency directly signing the contract with the investor and project enterprise. The project plays an important role in promoting socio -economic development and ensuring national security and defense; connecting the eastern North-South expressway axis, the southeastern provinces with the Central Highlands and South Central regions, and has received attention and direction from the Government and the Prime Minister.

In the context of the state budget still being difficult, the signing of the project contract today is of great significance in concretizing the Party's policy on attracting social resources to invest in developing transport infrastructure; it is a positive signal for the environment to attract PPP investment in the coming time," said Mr. Huy.

Previously, the Ministry of Construction approved the results of the investor selection for the winning investor, the Truong Hai - Son Hai Transport Infrastructure Development Construction Joint Venture. According to the bidding results, the total investment capital of the project is more than VND 8,400 billion (of which: the investor mobilized more than VND 7,100 billion, the state capital to pay for site clearance costs is about VND 1,300 billion). The construction period is about 24 months, the operation and business period is 16 years and 11 months. Based on the results of the negotiation and contract negotiation, the Vietnam Road Administration reported to the Ministry of Construction to approve the content and results of the negotiation; the Thang Long Project Management Board has completed the contract and sent it to the Vietnam Road Administration as a basis for signing.

According to the approved plan, the Dau Giay - Lien Khuong expressway has a total length of more than 200km, with an investment model of 4 lanes. In particular, the Prime Minister has assigned the Ministry of Construction as the competent authority to implement the Dau Giay - Tan Phu section. The Lam Dong Provincial People's Committee is the competent authority to implement the Tan Phu - Bao Loc and Bao Loc - Lien Khuong sections.

Gia Hong

Source: https://baophapluat.vn/cuc-duong-bo-viet-nam-ky-ket-hop-dong-du-an-cao-toc-dau-giay-tan-phu-voi-nha-dau-tu-post550903.html