|Officials break ground to kick off work to upgrade Routes No. 830 and 824 in Long An Province on Thursday. — VNS Photo |Viet Nam News
HCM CITY — Work to upgrade and widen Routes No. 830 and 824 linking Đức Hòa and Bến Lức districts in Long An Province began on November 17 on a build-operate-transfer basis.
It is one of the province’s three key projects and the first to be built in BOT mode.
To be done by a consortium comprising Bamboo Capital JSC and Băng Dương Trade-Construction-Investment Co. Ltd, the 24km long project is projected to cost VNĐ1.079 trillion (US$48.4 million) and be completed in the first quarter of 2018.
The investors can collect toll for 18 years and five months.
Once completed the roads will connect industrial parks with National Highway 1A and the Long An International Port, facilitating transport of goods from the province to other southern provinces and generally promoting economic and social development.
To mark the occasion, the BCG-Băng Dương consortium donated two houses each worth VNĐ40 million ($1,793) to needy families in Đức Hòa and Bến Lức districts. — VNS