Cooperate with Pacific Group
On July 10, Quang Ninh provincial leaders worked with Pacific Construction Group (China) on this project. The group proposed to prepare a pre-feasibility study report, and proposed an investment plan in the form of public-private partnership (PPP) or BT (build-transfer).
Mr. Nghiem Gioi Hoa, the group’s founder, affirmed that Quang Ninh is a key area for investment in the coming time. The group has also opened a representative office here to speed up the procedure.
Quang Ninh provincial leaders highly appreciated the interest of Pacific Construction Group and committed to creating favorable conditions for the quick completion of investment procedures. The provincial Department of Finance was assigned to be the focal point to support investors in the next steps of implementation.
The province also expects that with its extensive experience in the field of urban infrastructure, the Group will conduct comprehensive research to form an ecological, smart and modern urban area in the northern area of Cua Luc Bay, contributing to creating new development momentum for Quang Ninh.
Project design and progress
According to the design, the tunnel across Cua Luc Bay will run parallel to Bai Chay Bridge, with a scale of 6 lanes and a total length of about 2,750m. Of which, the main tunnel is about 2,140m long, including 1,000m of submerged tunnel and 1,140m of approach tunnel. The tunnel is located under the seabed at a depth of no more than 17m, can withstand earthquakes of magnitude 6 on the Richter scale, and allows vehicles to run at a maximum speed of 60km/h.
Previously, Quang Ninh planned to start the project in 2019 and complete it in 2025. However, due to prioritizing resources for other projects, the province temporarily suspended the project. After that, the province requested the policy of balancing its own budget and was approved by the Prime Minister.
About Pacific Group
Pacific Construction Group was founded in 1995 by Mr. Yan Jiehe. It is one of the largest private construction groups in China, operating in the fields of infrastructure, transportation and architecture. The group is currently among the top 100 largest enterprises in the world and has more than 500 subsidiaries and 100 international investment companies.
As of 2023, the Group will achieve revenue of nearly 80 billion USD and is operating about 3,000 industrial parks and urban areas across China. In recent years, the Group has accelerated its international expansion, especially in ASEAN, Central Asia and Eastern Europe, with many large projects such as subways and high-speed rail.
In Vietnam, the Group opened a representative office in April 2019 and established Pacific Vietnam Construction Company Limited with a charter capital of 500 million USD. In the past time, the Group has worked with many provinces and cities such as Bac Ninh, Lao Cai, Lang Son to seek investment opportunities in areas such as transport infrastructure, logistics and industrial parks.
In May, the Group was also one of six members of the consortium that won the EPC package for the Tu Lien Bridge and approach roads project, including survey and building information modeling (BIM) design. This is considered a concrete step forward in the Group's long-term presence and investment in the Vietnamese market.
Source: https://baonghean.vn/ham-duong-bo-xuyen-bien-lon-nhat-viet-nam-co-tong-muc-dau-tu-du-kien-khoang-10-000-ty-dong-10302091.html
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