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Ministry considers expansion of Xuong Giang and Nhu Nguyet Bridges on Hanoi - Bac Giang Expressway

(BGO) - The Ministry of Transport is considering two investment options for the expansion of Xuong Giang and Nhu Nguyet Bridges on the Hanoi - Bac Giang Expressway in the form of BOT or ODA loans.

The Ministry of Transport has just sent Document No. 7653/BGTVT - DTCT to the joint venture of investors of the Hanoi - Bac Giang Expressway BOT Project, including Ocean Group Joint Stock Company, Vinaconex, 319 Investment and Trade Joint Stock Company and Van Phu - Invest Investment Joint Stock Company, asking them to give comments on the possibility of continuing to invest in expanding Xuong Giang and Nhu Nguyet Bridges on the Hanoi - Bac Giang Expressway in the form of BOT.

Ministry, Xuong Giang bridge, Nhu Nguyet Bridge, Hanoi - Bac Giang Expressway, BOT, ODA loans, two investment options, investment time, financial plan

Xuong Giang Bridge on Hanoi - Bac Giang Expressway.

Accordingly, the ministry urged the investors of the Hanoi - Bac Giang Expressway BOT Project to give an official opinion on the possibility of continuing to invest in expanding Xuong Giang and Nhu Nguyet Bridges in the form of BOT as well as investment time and financial plan...

In case the investors do not have an investment plan to expand these two bridges, the ministry will tell them to comment on the pre-feasibility study report for the project to expand a number of bridges and tunnels on National Highway 1, which is expected to use loans from the Economic Development Cooperation Fund (EDCF) of the Government of the Republic of Korea. The project is about to be invested by the Project Management Unit 2.

The Hanoi - Bac Giang - Lang Son Expressway is implemented through two BOT investment projects, of which the project to renovate and upgrade National Highway 1’s Hanoi - Bac Giang section (Hanoi - Bac Giang Expressway Project) was commenced in 2014 by the joint venture of Ocean Group Joint Stock Company, Vinaconex, 319 Investment and Trading Joint Stock Company, and Van Phu - Invest Investment Joint Stock Company.

To ensure synchronous infrastructure, it is necessary to invest in expanding Xuong Giang and Nhu Nguyet Bridges. The Ministry of Transport has assigned Project Management Unit 2 to study the option of adding the two bridges into the project expanding a number of bridges and tunnels on National Highway 1 to implement right in the 2021-2025 period.

Bac Giang province said that it has actively worked with the investors, who showed their unanimity and wish to continue to invest in expanding the two bridges to ensure synchronization and consistency in scale and technical standards of expressways along the route and facilitating management, exploitation and toll collection.

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Source: Investment newspaper

Ministry, Xuong Giang bridge, Nhu Nguyet Bridge, Hanoi - Bac Giang Expressway, BOT, ODA loans, two investment options, investment time, financial plan
 
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