Preparing to start construction of Bao Loc - Lien Khuong expressway worth nearly VND 12,000 billion

LAM HỒNG |

Lam Dong - The groundbreaking ceremony for Bao Loc Lien Khuong Expressway will take place on June 29.

On June 24, Lam Dong Provincial People's Committee issued a plan to organize programs and activities to celebrate the establishment of the new Lam Dong province.

One of the key events is the groundbreaking ceremony for the Bao Loc - Lien Khuong expressway construction investment project, which will take place on the morning of June 29 in N'Tol Ha commune, Duc Trong district, right at the intersection with National Highway 27.

This is a route that plays a strategic role, located in the North-South expressway network in the West, connecting the Southeast region with the Central Central Highlands.

When completed, the route will significantly shorten travel time, reducing traffic pressure on National Highway 20, creating conditions for socio-economic development of the whole region.

The groundbreaking ceremony was chaired by the Lam Dong Provincial Department of Finance. The coordinating units include: Provincial Police, Provincial Military Command, Department of Construction, Provincial Traffic Project Management Board and related agencies, units and localities.

The detailed scenario has been prepared and implemented according to plan. This event is part of a series of activities to celebrate the establishment of the new Lam Dong province, after merging the three provinces of Lam Dong, Binh Thuan and Dak Nong according to the Resolution of the National Assembly.

The groundbreaking of the Bao Loc - Lien Khuong expressway not only solves urgent infrastructure needs, but is also expected to create a strong momentum to promote regional connectivity, develop agriculture, tourism, etc.

The total length of the Bao Loc - Lien Khuong expressway is about 73.62km. This is a level I road traffic project of group A, with a design speed of 100 km/h.

The project is invested under the public-private partnership (PPP) method, the type of construction - business - transfer (BOT) contract.

The winning investors include: Joint venture of T&T Transport Infrastructure Development Investment Company Limited, Phuong Trang Group Investment Joint Stock Company (Futa Group); Phuong Thanh Investment and Construction Joint Stock Company (T&T Transport Infrastructure Joint Stock Company - Futa Group - Phuong Thanh).

The winning bid value is more than 11,923 billion VND. This includes interest; excluding the cost of sub-projects for site clearance using State capital.

The construction period of the project and infrastructure system is 30 months. The operation and business period is 19 years and 10 months.

LAM HỒNG
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