COOPERATE IN INVESTMENT RESEARCH AND BUILD METRO LINE NO.5 AND TU LIEN BRIDGE
Thu , 18/01/2024, 18:00:00 (GMT+7)
On January 18, in the presence of Deputy Chairman of the Hanoi People's Committee Duong Duc Tuan, Hanoi Department of Transport, Pacific Construction Group (China), Vietnam Construction and Import-Export Joint Stock Corporation (Vinaconex) signed a memorandum of understanding on investment research cooperation.
The ceremony had the presence of:
- Mr. Yan Jiehe, Founder of China Pacific Construction Group (CPCG)
- Mr. Dao Ngoc Thanh, Chairman of the Board of Directors of Vinaconex Joint Stock Corporation
On behalf of Municipal Government Departments, there was the presence of:
- Member of the People's Committee, Director of Hanoi Department of Transport Nguyen Phi Thuong
- Deputy Director of Hanoi City Traffic Construction Investment Project Management Board Pham Van Duan
- Representative of Hanoi People's Committee Office
On behalf of the Pacific Construction Group, there was the presence of:
- General Director of Pacific Construction Group, Chairwoman of Pacific Vietnam Construction Co., Ltd Wu Jing
- General Sales Director of Pacific Vietnam Construction Co., Ltd Tran Thi Be Hien
On behalf of Vinaconex Corporation, there was the presence of:
- Deputy General Director Duong Van Mau
- Deputy General Director Tran Dinh Tuan
Following the memorandum of understanding (MOU), the parties have agreed to collaborate and exchange experiences in researching key transport infrastructure projects in Hanoi, focusing on two specific projects.
1. The investment project to build the Tu Lien bridge and road from Tu Lien bridge to Hanoi - Thai Nguyen expressway.
2. The investment project to build urban railway line No. 5, section Van Cao - Ngoc Khanh - Lang - Hoa Lac..
During the ceremony, leaders of Pacific Construction Group and Vinaconex Corporation expressed gratitude for the opportunity to contribute to the Capital's development through the Pacific - Vinaconex Joint Venture. They also believed that the joint venture's current capacity and experience would enable it to fully meet legal requirements for project participation, creating projects while ensuring the safety, quality, efficiency, and adherence to schedule.
The Urban Railway system is considered as the backbone of of the transport infrastructure network. Investing early and operating it effectively can significantly impact socio-economic development, society, and the reduction of environmental pollution, traffic congestion, and accidents. Hanoi has recently allocated resources to invest in urban railway projects. Vinaconex (stock code: VCG), a leading construction company, is actively engaged in various key nationwide projects including package 09/TP2 - XL under the Invest Project in building the Ring Road No. 4 - Hanoi Capital Region, packages for the Eastern North-South Expressway Project (phase 2), Tuyen Quang – Ha Giang expressway, and Phu Thu intersection (Ha Nam), etc. Vinaconex has completed and handed over timely bidding packages for the North-South Expressway Project Phase 1, Vinh Tuy Bridge Phase 2 (Hanoi), and Phu Bai International Airport (Thua Thien – Hue province), etc. Established in 1986, China Pacific Construction Group (CPCG) stands as one of the world's largest private corporations specializing in investment in transport infrastructure construction. Their expertise lies in the investment, construction, and management of infrastructure projects. |
