France
will provide $800-900 million to help Vietnam implement the tunnel project
through Ca pass located in the central Phu Yen – Khanh Hoa provinces .
A memorandum of understanding (MoU) to this
effect was signed in Paris on November 22 by Ca Pass Investment JSC of Vietnam
and Credit Agricole Corporate & Investment Bank and Societe Generale Bank
of France.
Ca Pass Investment JSC Chairman Nghiem Sy
Minh, said the MoU is of significance as this is the first step to accelerate
the implementation of the project.
The tunnel is an important project in the
network of highways connecting the north and south of Vietnam. It will be
constructed at an estimated investment of nearly $796 million.
Minister of Transport Dinh La Thang has agreed
to submit the project to the Prime Minister for approval as one of the
country’s key projects.
VIR - VNA
Business & Investment Opportunities
YourVietnamExpert is a division of Saigon Business Corporation Pte Ltd, Incorporated in Singapore since 1994. As Your Business Companion, we propose a range of services in Consulting, Investment and Management, focusing three main economic sectors: International PR; Healthcare & Wellness;and Tourism & Hospitality. We also propose Higher Education, as a bridge between educational structures and industries, by supporting international programs. Sign up with twitter to get news updates with @SaigonBusinessC. Thanks.
No comments:
Post a Comment