On April 11th, the People’s Committee of Lang Son province decided to approve the results of the selection of investors to implement the Huu Nghi – Chi Lang expressway project under the BOT form.
Accordingly, the selected investor is a consortium of Deo Ca Construction Joint Stock Company, Deo Ca Group Joint Stock Company, Construction Company 568 and Lizen Joint Stock Company.
The project will be implemented in the districts of Chi Lang, Cao Loc, Van Lang and Lang Son city, Lang Son province. The total length is about 59.87 km, including the Huu Nghi – Chi Lang expressway, about 43.43 km long; the connecting road between Tan Thanh border gate and Coc Nam border gate, about 16.44 km long.
The total investment capital is over 11,000 billion VND, including the State budget capital participating in the project of nearly 5,496 billion VND (of which nearly 3,719 billion VND supports the construction of works, infrastructure systems); and the investor’s capital is responsible for arranging VND 5,529 billion.
The construction time of the project is completed in 2026. The toll collection and operation time is 25 years, 7 months and 26 days.
 Diagram of the project’s route
|
The expressway in the completed phase will have a scale of 6 lanes, the roadbed width of over 32m; The connecting road between Tan Thanh border gate and Coc Nam border gate in the completed phase will have a scale of 4 lanes, the roadbed width of 22m.
In addition, the project has 38 bridges, including the Huu Nghi – Chi Lang expressway with a total of 21 bridges on the main route, 2 overpasses and 1 bridge in the interchange; The road connecting Tan Thanh border gate and Coc Nam border gate has 9 bridges on the main route, 2 overpasses and 3 bridges in the interchange.
With Deo Ca Group winning the project, Deo Ca Infrastructure Investment Joint Stock Company (HOSE: HHV) is likely to benefit greatly as a member unit of the Group and a major player in the field of construction of transport infrastructure projects.
Regarding LCG, earlier in early March 2024, the Company’s Board of Directors approved the investment policy of the Huu Nghi – Chi Lang expressway project under the BOT form, replacing the Bac Giang – Lang Son – Huu Nghi BOT project. At the project, LCG intends to invest with a capital participation ratio of not more than 25%.
LCG is about to invest in the Huu Nghi – Chi Lang expressway
