Vinaconex (VCG) joint venture participates in the construction of a VND1 trillion project in Quang Nam Province

The joint ventures Vinaconex (HM:) and Vinaconex 25 Joint Stock Company (VCC) participated in the launch of the first part of the Vo Chi Kong Coastal Highway project, with an investment of nearly 1 trillion VND. On the afternoon of January 5, the Quang Nam Provincial Transportation Construction Investment Project Management Committee broke ground and started the first phase of the project to complete the Vo Chi Kong coastal road with an investment of nearly 100 billion VND.

The project construction units include the Vietnam Import-Export Construction Corporation Joint Venture (Vinaconex – HoSE: VCG), Vinaconex 25 Joint Stock Company (VCG subsidiary – HoSE: VCC) and the 319th Company of the Ministry of National Defense. Construction Joint Stock Company 510, Anh Duong Co., Ltd.

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The project is 26.5 kilometers long and passes through Tam Phu commune in Tam Ky city and communes in Tam Tien, Tam Hoa, Tam Hiep, Nui Thanh township, Tam Giang, Tam Nghia, Tam Quang and Nui Thanh districts.

Accordingly, the project scale is a secondary urban main road with a design speed of 70 km/h. This project will build the roadbed and remaining road surface on the right side of the existing route; the roadbed width in the Km0+120-Km8+880 section is 25m, and the roadbed width in the remaining sections is 38m.

In addition, the project implemented 6 bridge works with reinforced concrete and prestressed reinforced concrete design; investments were made in horizontal and vertical drainage systems, traffic organization systems, lighting and trees. The total initial cost of the project exceeds VND974.9 billion.

In 2023, in the context of promoting public investment to support economic recovery and growth, the government focused on the development of transportation infrastructure, and many companies in the infrastructure field successively won large-scale tenders.

Currently, the Vinaconex joint venture is also involved in sub-project 5 – the construction of the XL1 section from Km25+990 to Km28+383 at the Tan Van intersection under the Binh Duong Province 3rd Ring Road section (including the Binh Quy section at the Tan Van intersection). The bridge under the Ho Chi Minh City Third Ring Road Construction Investment Project) opened on December 28, 2023, with a value of more than 1.8 trillion VND.

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