The construction start of the project of investment construction and widening of National Highway No.51.
Vietnam Urban and Industrial Zone Development Investment Corporation (IDICO), Song Da Corporation, Bank for Investment Development of Vietnam (BIDV) are assigned, at the official letter No. 7962/VPCP-KT by the Prime Minister dated November 19th 2008, to invest the project of investment construction and widening of National Highway No.51. The project is in the form of BOT with the total investment capital of 3,200 billion VND.
Awaking the importance of the project of investment construction and widening of National Highway No.51 in reduction of traffic jam which has increased progressively on National Highway No.51, especially when the seaport system No. 5 comes into operation and industrial and urban zones such as Nhon Trach, Phu My develop. IDICO, Song Da Corporation and BIDV have directed Bienhoa Vungtau Expressway Development Joint Stock Company (BVEC) to carry out the project.
The work of construction start of the project is completed now; besides that, being approved by the Prime Minister and relevant authorities, IDICO, Song Da Corporation, BIDV and BVEC will hold the ground-breaking ceremony for the project at 10 o’clock on August 02nd 2009. So IDICO would like to inform the ground-breaking ceremony as above.