VINCI signs agreement for the construction of the Ca Pass tunnel and road project in Vietnam
23 June 2010 - New contracts - Vietnam
VINCI Construction Grands Projets has signed a Memorandum of Understanding (MOU) with Vietnamese concession holder, Deo Ca Investment JSC for the turnkey construction of the Ca Pass tunnel and road project in Vietnam. The signing took place in the presence of Mr Dominique Bussereau, France’s Secretary of State for Transport, and Mr Nguyen Hong Quan, Vietnam’s Minister of Construction.
The agreement provides for a first phase of exclusive discussions with a view to signing a design-build contract.
Located on the main north-south corridor between Hanoi and Ho Chi Minh City (RN 1A), the project calls for widening 9 km of road and building a new 11 km section that includes two tunnels (5.5 km and 0.350 km), three bridges with a total length of 1.260 km and approach roads totalling 4 km. It will eliminate the final dangerous mountain pass crossing on the RN 1A.
The value of the project is estimated at $600 million.
In parallel, Deo Ca Investment JSC signed three other MOU: one with Egis for the studies, another with Apave for works monitoring and quality control, and the third with Crédit Agricole and Société Générale for the financing.
VINCI is a global player in concessions and contracting, employing close to 195,000 people in some 100 countries. We design, finance, build and operate infrastructure and facilities that help improve daily life and mobility for all. Because we believe in all-round performance, above and beyond economic and financial results, we are committed to operating in an environmentally and socially responsible manner. And because our projects are in the public interest, we consider that reaching out to all our stakeholders and engaging in dialogue with them is essential in the conduct of our business activities. VINCI’s goal is to create long-term value for its customers, shareholders, employees, and partners and for society at large.