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Bac Giang selects investors for BT projects

Updated: 14:18, 25/06/2018
(BGO) – The Bac Giang provincial authority has recently selected the investors for two Build-Transfer (BT) projects, the provincial Department of Planning and Investment reported.   
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Illustrative image.

Concretely, the consortium of Investment Joint Stock Company No.379 and Thang Long Construction and Mechanical Corporation Joint Stock Company won the bid to build the extended provincial road No. 289 (the segment from Chu town to Dong Dinh, linking the national road No.31 to the provincial road No.293) and the extended Nguyen Thi Minh Khai road (Bac Giang city). The total investments reached nearly 900 billion VND (39.3 million USD) mobilized from the enterprises’ budgets.

As scheduled, the projects will be finished by 2021, helping complete the transport infrastructure and boost up the trade and commodity exchange.

To date, 8 BT projects are under execution in the northern province of Bac Giang. Participating in the project, the investors’ investment capitals will be exchanged into a corresponding land fund for exploitation. In case of unbalanced exchange value, an amount should be refunded to the other.

Truong Son

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