$500m invested in Deo Ca tunnel

Deo Ca tunnel, one of key national projects, has a total investment of nearly 10 trillion dong ($500 million), said Ho Minh Hoang, general director of Deo Ca Investment Joint Stock Co.

The Deo Ca tunnel located in Dong Hoa district (Phu Yen province) and Van Ninh district (Khanh Hoa province) on total length of 11.125 kilometres is invested under the Build-Transfer (BT) and build-operate-transfer (BOT) methods.

The project being broken into four phases will start work this month and is expected to be commissioned in December 2014.

Deo Ca Investment JSC includes investors: Hanoi Construction Corp, BOT Hai Thach Investment JSC, Mai Linh Group JSC in the central and highland regions, Asia JSC.

Two French banks namely Credit Agricole Corporate Investment (CA-CIB) and Societe generale signed credit contract for the whole project. – Vietnam+

Tags: Deo Ca tunnel

Posted by VBN on Oct 19 2010. Filed under Infrastructure. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry