On Sep 22, 2023, in Hanoi, Chairman Ho Minh Hoang led a working session with partners and businesses, reaffirming DEOCA Group's commitment to the Dong Dang – Tra Linh Expressway project.
Participants included Advisory Council members, Board of Directors, Executive Board, and specialized departments of the Group.
Chairman Ho Minh Hoang chaired the meeting with partners and businesses to support the Dong Dang - Tra Linh expressway project
Dong Dang - Tra Linh Expressway presents challenges in terrain, geology, technical aspects, legal procedures, and high investment costs. Despite initial interest from both domestic and foreign investors, no one has pursued further inquiries or surveys.
Originally planned as a 144km project with an investment of over 47,000 billion VND, DEOCA Group, leveraging their PPP expertise, proposed route adjustments. This reduced the length to 121km (-23km) and cut costs to over 23,000 billion VND (-50%).
The Cao Bang People's Committee approved the project for PPP implementation. Phase 1 involves a 93km route, costing over 14,300 billion VND, including 2 mountain tunnels and 38 bridges. Construction is set to commence in late 2023, aiming for completion and operation by 2026.
Mr. Ho Minh Hoang expressed the significance of the Dong Dang - Tra Linh Expressway project. DEOCA Group is fully committed to its implementation, as Cao Bang holds a special place in their hearts. Since being invited to participate, DEOCA has steadfastly pledged support for the project, facing challenges with unwavering determination.
The Chairman highly appreciated the carefully prepared and comprehensive report from the Executive Board. It clarified important issues and risks for units interested in joining the project, providing them with a clear overview for preparation.
To carry out this special project, the Chairman requires the assigned members of the Board of Directors and Management to thoroughly prepare in terms of human resources, finance, machinery, equipment, materials... In particular, they should assess the capabilities of units wishing to partner with DEOCA Group for project implementation. In November, the group's team will visit Cao Bang to survey the actual site.
Overview of Dong Dang - Tra Linh project
Mr. Nguyen Ba Khuong - General Director of 568 Construction Joint Stock Company expressed gratitude for being chosen by DEOCA Group to implement the Dong Dang - Tra Linh project. Company 568 is fully committed to standing by DEOCA Group as both an investor and construction contractor, regardless of circumstances. We also request that DEOCA Group facilitate better preparation for our company.
Mr. Ho Nghia Dung - Chairman of the Advisor Council, stated that this is the most challenging project among those researched and implemented by DEOCA. The Dong Dang - Tra Linh expressway is a long-awaited dream of the people in Cao Bang province. From the outset, we observed Cao Bang's strong political determination for the project and their trust in Chairman Hoang and DEOCA Group's professional and clear project proposal.
The Dong Dang - Tra Linh Expressway is crucial for the socio-economic development of an area where 95% of the population consists of ethnic minorities. It aims to utilize the cultural and historical values of the region while prioritizing the well-being of its people and ensuring security and defense objectives. Investing in this expressway construction is a meaningful endeavor that will bring long-term benefits to the local community. DEOCA Group is committed to methodically implementing the project, turning the dream of the Tra Linh - Dong Dang expressway into reality for the Party Committee, government, and people of Cao Bang province.
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