Operation centers I - VDB: Signing credit contracts to finance expressway and water supply system projects

30/12/2024 12:12

On December 26, 2024 in Hanoi, Operation centers I – VDB has held the signing ceremony of the state investment credit contracts to finance Ben Luc - Long Thanh expressway project and Xuan Mai water supply system project owned respectively by Vietnam Expressway Corporation (VEC) and Hoa Binh - Xuan Mai clean water Limited liability Company (Hoa Binh-Xuan Mai Company).

The signing ceremony was attended by leaders of VDB, VEC and Hoa Binh - Xuan Mai Company.
With a total investment of nearly VND 29.6 trillion, the Ben Luc - Long Thanh expressway has a length of 57.8 km, passing by 03 provinces and cities including Ho Chi Minh City, Dong Nai and Long An provinces. The expressway is designed with standard of type A for expressway, having 04 lanes and 02 emergency lanes ensuring vehicle to travel at maximum speed of 100 km/h. By the signed contract, VDB will finance VND 2 trillion from state investment credit source to this component project, raising total loan through VDB to VEC up to over VND19 trillion, accounting for 70% of its total investment. 
Located in Hoa Binh province, Xuan Mai water supply system construction project, owned by Hoa Binh - Xuan Mai Company, has a designed capacity of 300,000m3/day and night with a total investment of nearly VND 2,2 trillion. The infrastructure components of project including collections, raw water pumping station, water plant, intermediate water tank installation and clean water transmission pipeline is financed with VND 875 billion of state investment capital through VDB, accounting for 40% of the total investment of the project’s phase 1A. 
In operation, the project will supplement clean water to Hanoi districts and Luong Son district, Hoa Binh city - Hoa Binh province, improving people's living conditions; promoting the socio-economic development of Ha Noi and Hoa Binh province in general and the project area in particular./.
 



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