The Project of Upgrading and Expanding Interstates 830 & 824 in the Form of BOT Has Officially Broken Ground

11/18/2016

Long An, November 17th, 2016, BCG & Bang Duong Consortium’s project of upgrading and expanding Interstates 830 & 824 in the form of BOT has officially broken ground. This is Long An’s first BOT project and therefore is set with high expectations.

Attending the groundbreaking ceremony, there are Mr. Pham Van Ranh – Provincial Secretary; Mr. Tran Van Can – Chairman of Long An People’s Committee along with leaders of State and local governments and representatives from BCG & Bang Duong Consortium.

Groundbreaking ceremony for the project of upgrading and expanding Interstates 830 & 824 in Long An Province

Being one of the three key projects in Long An Province, Interstate 830 is the main traffic flow that connects Duc Hoa and Ben Luc Towns. The project has a total investment of 1,079 billion VND with a total route length of more than 24 km. Average speed is designed to be around 60 – 80 km/h while single-axle load is 12 tons. BCG & Bang Duong Consortium will construct the entire project and will be entitled to charging fees for a period of 18.5 years.

With BCG’s strength in capital arrangement, Tracodi and Bang Duong’s expertise in construction works, the project is set for completion in Q1 2018. Once completed, the project will enhance regional connectivity for transport infrastructure, thereby attract investments and promote economic development in Long An Province.

On this occasion, BCG & Bang Duong Consortium also awarded two charity houses, of which each is worth 40 million VND to needy families, and 20 million VND to local education promotion funds in Duc Hoa and Ben Luc Districts.

BCG & Bang Duong Consortium representatives awarded two charity houses to Duc Hoa and Ben Luc Districts, Long An Province
Development of infrastructure and real estate projects is one of the four main areas of operation for BCG during the period of 2016 – 2020. Following this project, BCG is seeking for other key infrastructure projects in the form of BT in Long An Province.