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Vietthink attended Groundbreaking ceremony for the PPP Project on connecting road from Highway 10 to Thai Binh Province

On February 12th, 2017, People’s Committes of Thai Binh and Thai Binh BOT JSC held the Ground breaking ceremony for the Connecting road project, which is supposed to connect Side-track S1 (Highway 10) to Thai Binh Road (Ha Nam). The ceremony was held at Dong Tu- Hung Ha intersection (the part from Highway 10 toTra Ly river and Tra Ly river overpass). The project, which is in the form of a Construction – Business – Transfer Contract, is invested 1.452.146.000.000 VND in total. The project is invested by Thai Binh BOT JSC. The representative of Vietthink Law Firm, which is legal consultant of project investor, also attend the event.

The route project connecting Side track S1 (Highway 10) to Tra Ly river and Tra Lyriver over pass is one of three component project of that to connect Thai Binh City to Thai Binh road– Ha Nam at Dong Tu (Hung Ha district) intersection.
This is under consideration a principal arterial road, which plays a strategical role in the economic- social development and national defense and security assurance of Thai Binh City and Vu Thu, Dong Hung, Hung Ha District.

Once this project is completed and being putted into action, it would contribute to create a synchronic, advance, through-connected, convenient, traffic network. It is expected to shorten significantly amount of time and distance, which to travel between districts on the Northern sides of the province and Thai Binh City, as well as between Thai Binh Province and other Provinces, other Cities in Northern Delta by traveling through Beltway 5 of Hanoi Capitol. This would helpreduce traffic load on Highway 10, Highway 39, and make room for the development of local Industry, Service Industry and Urban. Also, this would contribute to trade promotion, economic- social development and meet people’s demand,of which to travel across localities of the Province, and from Thai Binh Province to others in the area.
At the ceremony, the Director of Thai Binh Traffic Structure construction-Project investment management Department, Mr. Nguyen Quang Anh stated: "The selection of investor was performed under international procurement procedure to assure the publicity, transparency, elucidation and to find investors with finest qualification for the implementation of the project. Eventually, the selected investor is an associate including Quang Loi., Ltd; Kien Hoang., JSC; Northern Vietnam Import- Export., JSC; K2T Structure., JSC; 27/7 Thanh Xuan.,JSC. Investors of the associate participate in establishing Thai Binh BOT., JSC to execute, operateand exploit the project. Also, by the Bid evaluation result, the projecttotally has VND1,452,146,000,000 mounts of investment. The project implement will start from 2017 to 2020, with the toll estimated to be finished 17 years and 11 months after the project went to business".

Having given speech at the ceremony, the Chairman of Thai Binh People Committee - Mr Nguyen Hong Dien  required investors and related duty departments to focus on completing all the tasks excellently to ensure the project is implemented as planned, as well as the quality and efficiency are guaranteed.

With the extraordinary support from various local departments and profound experience from the investor, the Chairman of Thai Binh Province has strong belief that the project will be completed ahead of its schedule, while the project’s safety and quality are well guaranteed. The completed project will bea stepping stone for Thai Binh Province to create a lively and sustainable momentum in the future.

Vietthink News./.
Last updated: 06/20/2017