On June 22, the Lam Dong Provincial Traffic Project Management Board proposed to establish a negotiation team to complete the BOT contract of the Bao Loc - Lien Khuong Expressway Construction Investment Project under the public-private partnership method (phase 1).
Previously, Chairman of Lam Dong Province Tran Hong Thai signed a decision approving the investor selection results for the above expressway project.
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 0 Futa Group Transport Infrastructure Joint Stock Company - Phuong Thanh).
The winning bid value is more than 11,900 billion VND. The construction period of the project and infrastructure system is 30 months. The operation and business period is 19 years and 10 months.
After the investor selection results were available, the Lam Dong Provincial Traffic Project Management Board was assigned to preside over negotiations and advise the Provincial People's Committee to sign a BOT contract with the investor.
However, due to the importance of the project, it is necessary to have the coordination of relevant departments, branches and units, so the Management Board proposed that Lam Dong Provincial People's Committee establish a negotiation team to complete the BOT contract for the project.
The starting point of the Bao Loc - Lien Khuong expressway is at Km126+484.93 in Loc Phat ward, Bao Loc city (Lam Dong) - coinciding with the end point of the Tan Phu - Bao Loc expressway (Km125+675), the end point of Km200+100 intersects with the Lien Khuong - Prenn expressway (Km208+650 in Hiep Thanh commune, Duc Trong district (Lam Dong).
The total length of the route is about 73.62km. This is a level I road traffic project of group A, with a design speed of 100 km/h. The entire route is expected to have about 47km of service roads and 19km of level crossings to connect residents on both sides of the route.
The project's rest stop is located on both sides of the expressway at Km132+300 (right of the route) and Km135+000 (left of the route), in Loc An commune (Bao Lam district) with a scale of about 5 hectares/way in phase 1.
