(NLDO) - VEC will periodically repair many sections on the Noi Bai - Lao Cai expressway from the end of February and invest in expanding the Yen Bai - Lao Cai expressway in the fourth quarter of 2025.
VEC will periodically repair many sections on the Noi Bai - Lao Cai highway.
Vietnam Expressway Corporation (VEC) said that the company has just completed the signing of the selection of contractors to carry out the bidding packages for repairing damaged road surfaces and traffic safety systems on the Noi Bai - Lao Cai expressway.
According to VEC, the Noi Bai - Lao Cai expressway construction project has a total length of 245 km, passing through 5 provinces and cities: Hanoi, Vinh Phuc, Phu Tho, Yen Bai and Lao Cai with a scale of 4 lanes for the Noi Bai - Yen Bai section and 2 lanes for the Yen Bai - Lao Cai section.
After more than 10 years of the expressway being completed and put into operation, with strong growth in traffic volume, especially heavy trucks, many sections of the route have now been damaged and show signs of degradation.
To ensure safe operation of the Noi Bai - Lao Cai expressway, VEC pays special attention to timely repair and restoration of degraded and damaged items.
Currently, VEC has completed the signing of contractor selection and mobilized the implementation of bid packages to repair damaged road surfaces and traffic safety systems along the entire route.
Contractors are urgently mobilizing personnel, machinery, and equipment to simultaneously carry out repairs by the end of February 2025.
Specifically, there are 2 bid packages for periodic repair of damaged road surfaces and major traffic safety systems including: section Km 0+00 - Km 123+00 and section Km 123+00 - Km 244+155.
9 packages for repairing damaged road surfaces and other traffic safety systems include the following sections: Km 93+000 - Km106+206; Km 123+066 - Km 136+470); Km 142+000 - Km 160+400; Km 171+000 - Km 190+450; Km 191+200 - Km 217+000; Km 229+100 - Km 243+100; Km 0+00 - Km 123+080, Km 123+080 - Km 244+150 and section Km 77+645 - Km 85+975.
VEC is also implementing investment procedures to overhaul the Noi Bai - Yen Bai section (Km0-Km 123+080).
On February 19, at the 9th Extraordinary Session, the National Assembly passed a Resolution on the plan to invest in additional charter capital for the 2024-2026 period of the parent company - Vietnam Expressway Corporation (VEC).
According to the Government's report to the National Assembly on February 17 presented by Minister of Finance Nguyen Van Thang, with the current charter capital of VND1,115.13 billion, while the total investment in VEC's highway projects is very large, VEC always faces difficulties when it cannot ensure the debt/equity ratio according to current law.
The charter capital proposed by the Government to be re-determined for the parent company - VEC in the 3-year period (2024 - 2026) is VND 39,366 billion. Of which, VND 1,115 billion is the existing charter capital and VND 38,251 billion is added from other sources.
The additional charter capital helps VEC qualify to mobilize capital from credit institutions to carry out project investment, especially to expand some existing expressways and invest in new projects.
In order to meet the transportation demand and promote operational efficiency, VEC has submitted to the competent authority a plan to expand the Yen Bai - Lao Cai section with a total length of more than 121 km (Km 123+090 - Km 244+155), with a scale of investment of 4 complete lanes. The total investment is more than 7,600 billion VND, of which VEC mobilizes more than 4,600 billion VND and the State budget capital is more than 3,000 billion VND.
VEC aims to start construction of the Yen Bai - Lao Cai expressway expansion project in the fourth quarter of 2025.
Source: https://nld.com.vn/hon-7600-ti-dong-dau-tu-mo-rong-cao-toc-doan-yen-bai-lao-cai-tu-2-len-4-lan-xe-chay-196250219195756666.htm
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