Based on the results of the working session between Quang Ninh Provincial Party Secretary Vu Dai Thang and the Pacific Construction Group in December 2024, this group has researched and proposed to prepare a pre-feasibility study report for the Cua Luc Bay Road tunnel Project.
Accordingly, the project has a total estimated investment of about VND10,000 billion, the expected implementation period is from 2025 to 2030.
Regarding investment forms, investors will learn and research payment options and forms in accordance with investment needs and regulations of the Law on Investment under the public-private partnership method and current Vietnamese legal regulations.
In case the project is implemented under the BT (build - transfer) method, the investor proposes to study the overall planning of the area north of Cua Luc Bay.
Mr. Nghiem Gioi Hoa - founder of this group - said that based on research on the potential and development opportunities of Quang Ninh province, the group determined that Quang Ninh will be a key investment location in the coming time. Recently, the group has also opened a representative office in Quang Ninh to promote the completion of investment procedures.
Quang Ninh Provincial Party Secretary Vu Dai Thang affirmed that the province will continue to create all conditions in the process of completing procedures for investment projects of the group in the area; assigning the Department of Finance as the unit agency to support the group in implementing the following procedures, ensuring the completion of investment preparation procedures as soon as possible.
Mr. Thang also hopes that with experience in the field of urban infrastructure investment, the group will conduct comprehensive research to shape the development of a smart, modern, ecological urban area in the northern area of Cua Luc Bay, contributing to creating new development momentum for Quang Ninh province in the coming period.
