Ha Noi – Bac Giang expressway
Ha Noi – Bac Giang expressway upgrading and improvement project is the OceanGroup’s first BOT investment project.
Project’s progress milestones:
- Ngày 22/4/2014: launching the Commencement Ceremony of the project;
- Ngày 03/10/2014: officially signing the contract with the Ministry of Transport;
- Ngày 03/01/2016: completing and opening project vehicles;
- Ngày 25/5/2016: Officially operating and collecting to refund Hanoi-Bac Giang Expressway Project capital.
Hanoi – Bac Giang Expressway Project is one of the first expressway projects in Vietnam to be invested in the form of BOT. The project has contributed to meet the increasing transportation demand, improve the conditions of exploitation, reduce jam and traffic accidents on National Highway 1, Hanoi – Bac Giang section; serving the socio-economic development, security and defense in the region as well as Hanoi capital and two provinces of Bac Ninh and Bac Giang, in line with the planning and orientation of transport development.
With the expected return on investment is 18 years and 7 months from the date of collection, the project will then be transferred to the competent agencies.