On June 29, the People's Committee of Binh Phuoc province organized the signing of a contract for component project 1 to invest in the construction of the North-South expressway in the West, Gia Nghia (Dak Nong) - Chon Thanh (Binh Phuoc section.
Speaking at the ceremony, Ms. Tran Tue Hien - Chairman of Binh Phuoc Provincial People's Committee said that the province recently organized negotiations on component project 1 under the public-private partnership method with the Vingroup - Techtra Joint Venture (the joint venture member 1 is Techtra Infrastructure Investment and Development Joint Stock Company, the joint venture member 2 is Vingroup Corporation - Joint Stock Company).
According to Ms. Tran Tue Hien, the negotiations have been completed and the BOT project contract has been officially signed.
The contract was signed as a build-operate-transfer (BOT), under the public-private partnership method. The project name is to invest in the construction of the North - South expressway in the West, Gia Nghia (Dak Nong) - Chon Thanh (Binh Phuoc) section.
Ms. Tran Tue Hien - Chairman of Binh Phuoc Provincial People's Committee said that the expressway project has a total length of about 124 km, of which the section through Dak R'lap district, Dak Nong province is about 23.10 km long, the section through Binh Phuoc province is about 101.03 km long.
The project is planned to have a scale of 6 lanes, with a design speed of 120 km/h. In the first phase, the project is invested with a scale of 4 complete expressway lanes, with a roadbed width of 24.75m. The section through Dong Xoai city is 25.5m wide (expanding the median strip to arrange the lighting system). The design speed is 120 km/h.
The project will build intersections, direct roads, and underpasses to ensure convenient connectivity, minimize community disruption, and affect people's lives.
The total investment of the project is VND 19,965 billion, of which state capital is VND 6,842 billion, capital mobilized by the investor is about VND 13,123 billion (excluding interest of VND 989 billion). The project implementation period is from 2025 to 2027.
Toll collection project for 29 years and 4 months
According to the People's Committee of Binh Phuoc province, the project will collect tolls for 29 years and 4 months. The toll collection system uses non-stop automatic toll collection technology, with an online monitoring system. Proportive management and operation, ensuring synchronization and saving investment costs.
Proposal to ensure progress and quality of the project
Ms. Tran Tue Hien - Chairman of Binh Phuoc Provincial People's Committee said that this is an important event for the development of Binh Phuoc transport infrastructure. The expressway has special significance, creating momentum for the Southeast and Central Highlands regions to develop socio-economy.
Ms. Tran Tue Hien requested the investor to ensure the progress and quality of the project. Requesting provincial agencies to closely monitor the project implementation.
