VDB Provides VND4.978 Trillion in Financing for Bao Loc - Lien Khuong Expressway Project
On August 11, in Xuan Huong - Da Lat Ward, the Lam Dong Branch of the Vietnam Development Bank (VDB) signed an agreement to provide state investment credit for the first phase of the Bao Loc - Lien Khuong Expressway project under the PPP model.
The signing ceremony was attended by Nguyen Ngoc Phuc, Member of the Lam Dong Provincial Party Committee and Vice Chairman of the Provincial People's Committee, along with leaders of relevant provincial departments and agencies, representatives of VDB, Agribank, project partners and investors.
Under the agreement, VDB's Lam Dong Branch will provide a VND4.978 trillion loan to the project. The financing will provide an important additional source of capital for the development of the Bao Loc–Lien Khuong Expressway, one of Lam Dong's key transport infrastructure projects.
Speaking at the ceremony, Pham Duong Linh, a member of VDB's Board of Directors, said the bank would continue to work closely with the investors throughout the implementation of the project.
VDB will coordinate with relevant parties and promptly discuss and address difficulties and obstacles that may arise, contributing to the smooth implementation of the project.
According to Linh, for a large-scale transport infrastructure project, close coordination among the bank, investors and relevant authorities is particularly important, especially when addressing issues that arise during implementation.
VDB expects the commitments made at the signing ceremony to be translated into practical and effective cooperation among all parties.
Representing the investor consortium, Nguyen Ngoc Nghi, Deputy General Director of T&T Group and Chairman of the Board of Directors of the project company, said the signing of the credit agreement marked an important milestone in the implementation of the Bao Loc–Lien Khuong Expressway.
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The agreement also provides important financial support for a project that is expected to play a significant role in strengthening transport connectivity and promoting socio-economic development in Lam Dong and the surrounding region.
The Bao Loc Lien Khuong Expressway BOT Joint Stock Company has committed to fully complying with all agreed conditions and obligations and using the credit capital effectively. The company will also ensure adequate resources in line with the project schedule and focus on construction in accordance with regulations, while ensuring quality, safety and efficiency.
The Bao Loc–Lien Khuong Expressway is one of three sections forming the Dau Giay–Lien Khuong Expressway corridor. The project has a total length of approximately 73.6 kilometers and a total investment of more than VND17.7 trillion under the PPP model.
Construction began on June 29, 2025, with the project scheduled for completion and opening to traffic in the fourth quarter of 2027.
The investor consortium comprises three companies: T&T Infrastructure Investment and Development Co., Ltd., a member company of T&T Group; Phuong Trang Investment Joint Stock Company (FUTA Group); and Phuong Thanh Transport Construction and Investment Joint Stock Company.