HCMC – The northern mountainous provinces of Lang Son and Cao Bang have pledged to begin work on the Dong Dang-Tra Linh expressway project late this year and the Huu Nghi-Chi Lang expressway project early next year.
Their commitment was made at an investment cooperation conference yesterday, May 18, in Cao Bang City. At the event, the two provinces and Deo Ca Group, the investor of the two projects, signed cooperation agreements with VPBank and TPBank to fund the projects.
The two projects had received the prime minister’s approval to be executed under the public-private partnership format. They will have a total length of 164 kilometers and cost VND23.187 trillion.
The 43-kilometer Huu Nghi-Chi Lang expressway requires around VND10 trillion. The Dong 121-kilometer Dang-Tra Linh expressway needs over VND13 trillion.
The projects will link with the Hanoi-Bac Giang and Bac Giang-Lang Son expressway sections, which have already been put into service.
Speaking at the event, Tran Hong Minh, provincial Party secretary of Cao Bang, said the procedures for the Dong Dang-Tra Linh expressway had been completed. Cao Bang, Lang Son, the Deo Ca Group and the banks are actively working to implement the project, Minh added.
Nguyen Quoc Doan, provincial Party chief of Lang Son, said Lang Son will arrange capital and conduct site clearance compensation and other work to start construction at the earliest.
Ho Minh Hoang, chairman of Deo Ca Group, said VPBank would provide VND4.3 trillion for the Dong Dang-Tra Linh project, and TPBank would supply VND3.5 trillion for the Huu Nghi-Chi Lang project.
