Signing the credit contract for National Highway 1 project in Phan Thiet - Dong Nai
19/10/2018
On 05/8/2013, 319 Corporation - Ministry of Defense and Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) - Hanoi Branch signed a credit contract for BOT project to invest in construction Renovate the foundation, Q1 road section of Km1720 + 800 (Ham Thuan Nam - Binh Thuan) to Km1851 + 714 (Trang Bom - Dong Nai) at the new headquarter of the Corporation 319 (No. 63 Le Van Luong - Hanoi).
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Attending the ceremony were Mr. Le Dinh Tho - Deputy Minister of Transportation, Major General Tran Trung Tin - Director of Economics / Ministry of Defense, Mr. Nguyen Van Thang - General Director of Vietinbank, Mr. Tran Minh Binh - Director of Vietinbank Hanoi Branch, Colonel Phung Quang Hai - Chairman of the Board of Directors 319, Lieutenant Colonel Tran Dang Tu - General Director 319 together with representatives of the Finance Department / Ministry of Defense and leaders. 2 units.
The 125.4 km long BOT project is located on the National Highway 1, a major north-south traffic route with great investment value, reflecting the interest of the Party, the State and the Government on development investment. To comprehensively and uniformly implement solutions to ensure traffic safety on National Highway 1A, creating favorable conditions for socio-economic development and promoting the cause of national industrialization and modernization. .
According to the signed contract, Vietinbank approved to finance the project investor is the Corporation 319 - Ministry of Defense amounted to 1,450 billion VND equivalent to 80% of the total pre-tax investment of the project, Loans are disbursed in parallel with the equity of the investor. The loan period is 14 years from the first drawdown, the grace period is 02 years. Signing ceremony of credit contract between Vietinbank and Corporation 319 marks a new development in cooperation between the two units, contributing to the successful completion of the entire route of Highway 1 Hanoi - Can. Poverty in 2013 and Decision No. 355 / QD-TTg dated 25/02/2013 of the Prime Minister on adjusting the Transport Development Strategy to 2020 with a vision to 2030.
The 125.4 km long BOT project is located on the National Highway 1, a major north-south traffic route with great investment value, reflecting the interest of the Party, the State and the Government on development investment. To comprehensively and uniformly implement solutions to ensure traffic safety on National Highway 1A, creating favorable conditions for socio-economic development and promoting the cause of national industrialization and modernization. .
According to the signed contract, Vietinbank approved to finance the project investor is the Corporation 319 - Ministry of Defense amounted to 1,450 billion VND equivalent to 80% of the total pre-tax investment of the project, Loans are disbursed in parallel with the equity of the investor. The loan period is 14 years from the first drawdown, the grace period is 02 years. Signing ceremony of credit contract between Vietinbank and Corporation 319 marks a new development in cooperation between the two units, contributing to the successful completion of the entire route of Highway 1 Hanoi - Can. Poverty in 2013 and Decision No. 355 / QD-TTg dated 25/02/2013 of the Prime Minister on adjusting the Transport Development Strategy to 2020 with a vision to 2030.