On August 11, in Xuan Huong ward - Da Lat, the Vietnam Development Bank (VDB) - Lam Dong Branch signed a contract to finance state investment credit capital for the Bao Loc - Lien Khuong expressway project in the form of public-private partnership (PPP), phase 1.
Attending the signing ceremony were Vice Chairman of Lam Dong Provincial People's Committee Nguyen Ngoc Phuc and leaders of departments, sectors, VDB, Agribank, partners and project investors.
According to the contract, VDB - Lam Dong Branch financed a loan of 4.978 billion VND for the project. This capital source supplements financial resources, contributing to ensuring the progress of implementing one of the key transport projects of the province.
Speaking at the signing ceremony, Mr. Pham Duong Linh - Member of the VDB Board of Directors - said that the bank will continue to accompany investors in the project implementation process, coordinate with relevant parties to promptly handle difficulties and arising problems.
According to Mr. Linh, with large-scale transport infrastructure projects, the coordination between banks, investors and functional agencies is important, especially in the process of handling arising problems.
Representative of the investor consortium, Mr. Nguyen Ngoc Nghi - Deputy General Director of T&T Group, Chairman of the Board of Directors of the project enterprise - assessed that the signing of the credit contract is an important milestone in the process of implementing the Bao Loc - Lien Khuong expressway.
According to Mr. Nghi, credit capital is an important support for projects that are meaningful in connecting transportation and promoting socio-economic development of Lam Dong and the region.
Bao Loc - Lien Khuong Expressway BOT Joint Stock Company is committed to using credit capital effectively, ensuring resources according to schedule, focusing on construction in accordance with regulations, quality, safety and efficiency.
The Bao Loc - Lien Khuong expressway project is one of the 3 components of the Dau Giay - Lien Khuong expressway, with a length of about 73.6km, total investment of more than 17,700 billion VND according to the PPP method.
The project started on June 29, 2025, and is expected to be completed and put into operation in the fourth quarter of 2027.
The investor consortium includes T&T Infrastructure Investment and Development Co., Ltd., Phuong Trang Investment Joint Stock Company and Phuong Thanh Transport Investment and Construction Joint Stock Company.
