An overview of Bac Giang – Lang Son Expressway is over 12 trillion dong

An overview of Bac Giang – Lang Son Expressway is over 12 trillion dong

The Bac Giang-Lang Son expressway has just been restarted and is now executing its construction program to meet its schedule at the end of 2019.
This project has a total investment of VND12.188 billion, invested by BOT Bac Giang – Lang Son Joint Stock Company in the form of a BOT contract.

Km 45 + 100 (connecting Highway 1, Sao Mai, Chi Lang, Lang Son), the last point Km108 + 500, connecting to the end of the National Highway 1 Ha Giang – Bac Giang. Total length of the highway is 63.86 Km.

As expected, the project will complete component QL1 before 31/12/2017 and the high speed component will be completed before 31/12/2019. In order to ensure the time, the site clearance work must be completed by the end of this year.

Bac Giang – Lang Son expressway project invested by UDIC – SCIC Investment One Member Limited Liability Company – Phuong Thanh Investment Construction and Investment Joint Stock Company – Investment Joint Stock Company 468 – Construction Joint Stock Company No. 1 – My Da Construction Company Limited.

This is an important project, besides servicing economic development, strengthening the connection with China, this project is also expected by localities. However, during the implementation process, the project was delayed, did not guarantee the urgent need in public opinion, as well as affect the trust of the local where the project passes. The main reason for the delay was due to the prestige and financial capacity of the previous investors, which was not enough to fund the project.

Mr. Tran Phuc Tu – General Director of BOT Bac Giang – Lang Son Company said that with the determination to implement the project, together with the support of strategic shareholders of the Investment Corporation – UDIC include: Hai Thach Group Joint Stock Company, Hai Thach Construction Investment Joint Stock Company, Sai Gon Bridge Construction Investment Joint Stock Company, Hai Van Tunnel Management Joint Stock Company and support from the Bank. Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank), the new investor has cooperated with related parties to solve difficulties and problems for the project.

The Ministry of Transport also directed the disassembly of the project in the Notice of Meeting No. 132 / TB-BGTVT on 19/4/2017; Announcement of the meeting No. 141 / TB-BGTVT on 24/4/2017. Since then, investors have worked hard with the MOT, ATGT, Vietinbank to complete the legal procedures and propose solutions to solve the problem of credit to continue the project.

On 11/5/2017, Vietinbank has secured the contract for the project with the value of VND 121,886 billion (guaranteed under the BOT contract). And on 31/5/2017, BOT Bac Giang – Lang Son Joint Stock Company (project enterprise) and Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank) – Ha Noi Branch signed a credit loan agreement for project.

Currently, in terms of finance of the project, the investor has signed a credit agreement with Vietinbank is 10.169 billion, ensuring sufficient capital to implement the project.

Here are the pictures at the construction site of Bac Giang – Lang Son Expressway Project:

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There will be a beautiful high-speed line, the quality of trade services on the arterial traffic

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The expressway has started to take shape although it has just started since the beginning of June, 2017

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Licogi 16 Company is executing the bidding package at Huu Lung district, Lang Son province

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Journalist Nguyen Phong Cam interviewed Mr. Dao Van Tuan – Director of Construction Management Assembly No. 11 of Licogi 16

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Although it is raining, the executing unit is still working to implement the project for the progress

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Mặc dù trời mưa, nhưng đơn vị thi công vẫn dồn lực để thực hiện dự án cho kịp tiến độ

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This project has a total investment of VND12.188 billion invested by BOT Bac Giang – Lang Son Joint Stock Company

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Mr. Nguyen Quang Vinh, Deputy General Director of BOT Bac Giang – Lang Son Joint Stock Company inspects the construction at the bidding package by Licogi 16 Company.

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Despite the hard work, the project workers still smile

According to Phan Cam- Phan Chinh

Source: http://www.hdtv.org