» » $500 million to build Deo Ca tunnel

VNRE - According to VNA, at a press conference before the start of the resettlement area - the first work of Deo Ca tunnel project, Mr.Ho Minh Hoang - CEO of Deo Ca Investment Corporation said, Deo Ca tunnel is one of the national key projects with total investment nearly VND 10,000 billion (about $500 million).

Deo Ca tunnel has been invested in the BT form (Build-Transfer) and BOT (build-transfer-business), belonging to the Dong Hoa district (Phu Yen) and Van Ninh District (Khanh Hoa) with total route length is approximately 11.125 km.

Deo Ca tunnel was designed with 6 km of lengh consists of two tunnels with four lanes, two bridges, the design speed is 80km/h and can withstand earthquakes level 7th.

Synchronized with the main works are the area for operation, professional, residential and many other works of people.

The project is divided into four stages. The first phase will implement to clear the ground. In 10-2010 will start the construction of resettlement areas. In 12-2010 will start the construction of the road bridge and tunnel. Deo Ca tunnel will be open to traffic in October 12-2014 to then move on to the operation and exploitation stage.

Located in the strategic development of Vietnam's road system by 2020, Deo Ca tunnel has strategic significance for long-term development target connectting South and North, creating a driving force economic growth of the central region, especially the connection of two key economic zones are South Phu Yen and Van Phong, Khanh Hoa.

Two of the French bank are Credit Agricole Corporeate Investment Bank (CIB-CA) and Societe Generale Bank has signed financing for entire project.

Venture of investors: Hanoi Construction Corporation, Hai Thach B.O.T Investment Joint Stock Company, Mai Linh South Central Highlands Group and the Asian Corporation has established the Deo Ca Investment Corporation to implement project.

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