Building up Deo Ca tunnel in the form of BT+BOT Dr Nguyen Cong Phu, General Director of APAVE Vietnam & SEA (selected company to be management consultancy for Deo Ca tunnel project) said the tunnel will be constructed in October/2010.

In France recently, there was an agreement signing ceremony between Deo Ca Investment Join Stock Company and partners. Dear Sir,can you please briefly introduce us the content of this agreement?

Deo Ca tunnel is a big project with estimated cost is about 600 million USD. Because of the importance of this project, Deo Ca Investment Join Stock Company – the  investor chooses French partners such as EGIS Consultancy Company with Great Bridge & Tunnel Company which belongs to Ministry of Transportation to implement the project; APAVE Vietnam & SEA Company is chosen to do the work of management consultancy and supervision, VINCI Company is main constructor EPC and two large French banks are Societe General (SG), Credit Agricole (CA) provide financial credit. Currently, the agreement is a memorandum (MOU) of principles and then, the partners must negotiate with Investor in details.

According to the estimation, when this project can be started and when it will be finished?

The investors plan to start the construction project in Oct/2010 and estimated total time is four years.

In which way Deo Ca tunnel project will be implemented? How to arrange capital, how to raise capital for a big project like this?

Deo Ca tunnel project will be implemented with two components in the form of BT and the basement in the form of BOT. The reason to do so because, if there is not BT, a part of the state capital (about $ 200 million), then the payback is hardly feasible. In order to raise funds for this project, the investor has prepared several plans, including plans to choose two selected banks SG and CA who have worked successfully in Vietnam.

Dear Sir, why APAVE was chosen to be the company for management consultancy of Deo Ca tunnel project?

APAVE is one of the five leading company nationwide was founded nearly 150 years ago. We can say that we are one of the leading companies in Vietnam in the field of management consultancy and supervision of construction and industry. Furthermore, we have participated in several international projects.

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