On December 1, Cao Bang Provincial Party Committee held a meeting to discuss a number of contents related to the Dong Dang (Lang Son) – Tra Linh (Cao Bang) expressway project, industrial projects, transshipment trade and services in the area.

Dong Dang – Tra Linh expressway project belongs to group A, approved by the Prime Minister with investment policy in Decision 1212/QD-TTg dated in August 10, 2020 in the form of public-private partnership (PPP).

The investors did field surveys

The project is researched by Deo Ca Group to reduce the total investment from 47,000 billion VND to 23,000 billion VND; optimal and divergent investment phase 1 (2021-2025) is 13,180 billion dong; in which, the state budget invests 6,580 billion dong, owner’s equity is 1,229 billion dong and other mobilized capital is 5,372 billion dong.

Mr. Ho Minh Hoang, Chairman of Deo Ca Group, suggested that Cao Bang province concentrate all resources to complete the expressway project, soon adjust the investment policy with the capital structure of 50% of the state budget and 50% of the capital from investors and other capital sources.

Mr. Ho Minh Hoang spoke at the meeting

To demonstrate the initiative in capital mobilized from other investors (P3) such as: real estate, industrial urban areas, high-tech agriculture, services, logistics… Coming to Cao Bang this time, Deo Ca Group was accompanied by Phu My Group, Thanh Loi Construction Investment Company, and Van Phu – Invest Investment Company. Speaking at the meeting, the investors expressed their determination and commitment to accompany the locality and Deo Ca Group in building the highway.

For the creation of high-speed investment capital, investors will study the expansion plan of Cao Bang city with a transport network connecting to existing real estate projects, industrial parks, transshipment, trade and services to propose investment according to regulations.

Investors have proposed the Provincial Party Committee and People’s Council of Cao Bang province to issue thematic resolutions to unify the contents of reports of investors as a basis for the Provincial People’s Committee to implement to ensure investment and capital mobilization procedures.

Mr. To Nhu Toan, Chairman of Van Phu – Invest Company committed to accompany the construction of the highway and recommended the province to speed up investment procedures.

The People’s Committee of Cao Bang province established an Investment Promotion Working Group to act as the focal point to directly handle the procedures related to the creation of capital sources for the expressway project; The signing of cooperation agreements on investment projects on highways, real estate, industrial parks and other works that need to be completed in December 2021.

Mr. Hoang Xuan Anh, Chairman of Cao Bang province, said that before 2017, there were very few private enterprises that went to Cao Bang to research and invest: “They went up and then they all came back. From 2018, Deo Ca Group went to Cao Bang to study and propose to build a highway, only then did other investors come to research and invest in other fields such as industrial parks, hi-tech agriculture, urban areas … “. Chairman Cao Bang emphasized, the most important issue is still the progress of Dong Dang – Tra Linh expressway.

Concluding the meeting, Mr. Tran Hong Minh, Secretary of the Cao Bang Provincial Party Committee wished potential investors to accelerate the implementation of the Dong Dang-Tra Linh expressway project and industrial projects, transshipment trade and services in the province. At the same time, agree with the recommendations and proposals of investors, agree to focus investment resources for the Dong Dang – Tra Linh expressway project.

Cao Bang province will create the most favorable conditions for investors and businesses to implement projects and will establish working groups to speed up the implementation of investment projects. The trade bottleneck was removed, creating a connection and economic integration of a border region that became more vibrant and extensive for Cao Bang.

BY TT