The event was chaired by the People's Committee of Ho Chi Minh City, co-chaired by Masterise Group Joint Stock Company (Masterise Group) - the investor of the two projects, showing the increasingly clear role of the private sector in participating in building important infrastructure projects, creating a foundation for sustainable economic growth of the City and the country.
The two Phu My 2 bridge and Can Gio bridge construction projects were approved by the City People's Council for investment policies according to the public-private partnership (PPP) method, BT contract type (build - transfer), the investor is Masterise Group Joint Stock Company (Masterise Group) in coordination with reputable general contractors to implement.
Masterise Group's participation in investing in two large-scale transport infrastructure projects in the form of PPP - BT not only contributes to mobilizing social resources for infrastructure development but also shows the willingness to shoulder the responsibility with the City and the country with national-level projects, affirming the stature of a typical new generation private enterprise. Besides the role of an international-level urban real estate developer, Masterise Group is gradually affirming its capacity to shoulder key national projects, becoming a reliable unit in the field of infrastructure - transportation, with a methodical, long-term approach, strictly complying with legal regulations, planning orientation and public interests. Recently, Masterise Group has also been trusted and chosen by the Government and the Ministry of Public Security for the Gia Binh International Airport project with a total investment of nearly 200 thousand billion VND.
Speaking at the groundbreaking ceremony, representatives of the Ho Chi Minh City People's Committee affirmed that this is not only a traffic project but also a new architectural symbol of the City, a place for people and tourists to admire the beauty of the city. The project is implemented according to the PPP model - BT contract, with Masterise Group as the investor clearly demonstrating the proactive spirit and responsibility of the private business sector in joining hands with the government to build a national infrastructure system. This is a vivid proof of the policy of mobilizing social resources for infrastructure development - an important pillar for the city to play an economic leading role.
Representing the new generation of private sector, always pioneering and accompanying the Government & City in fulfilling national responsibilities in the new era of national development, Masterise is proud to contribute and commit to investing the best resources to deploy Phu My 2 bridge and Can Gio bridge on schedule and with high quality. Participating in investing in key infrastructure projects is also our commitment to long-term companionship with the sustainable urban development process, creating practical values for the community, society and the development of the City." said a representative of Masterise Group.
The implementation method of projects also affirms the effectiveness of the public-private partnership model, in which typical private sectors such as Masterise Group actively accompany the Government and local authorities, contributing resources, experience and implementation capacity to build national-scale infrastructure projects - the foundation for national economic development in the new period.
