Vinh City: Many construction projects under BT form

(Baonghean.vn) -Vinh City has implemented a number of effective BT projects and is currently continuing to implement a number of projects in this form to increase the socialization of capital sources.

A build-transfer contract (abbreviated as BT contract) is a form of investment signed between a competent state agency and an investor to construct an infrastructure project; after construction is completed, the investor transfers the project to the government and the government creates conditions for the investor to implement another project to recover investment capital and profits or pay the investor according to the agreement in the BT contract.

In Vinh City, after completing BT projects such as Le Mao Road Phase 1, Phase 2, Cua Tien Bridge... the city continues to implement a number of other BT projects such as: Hung Phuc Primary School, Ly Thuong Kiet Road extension, Nghi Kim Commune planning road, Le Mao Road extension Phase 3; upgrading and expanding Nguyen Viet Xuan Street; building planned roads in Nghi Phu Commune and Hung Loc Commune.

Perspective of Le Mao extended street

There are also projects for a 24m wide planned road connecting Nguyen Xuan Linh Street to the 72m road and the western ring road; an extended Tran Hung Dao Street and a 35m wide planned road from the Truong Thinh Land urban area project to National Highway 1A and some roads in Nghi Kim commune.

Mr. Ha Thanh Tinh, Vice Chairman of the City People's Committee, said: Investing in the form of BT, the state does not have to invest capital, so it is very effective and the city has more infrastructure from socialization. However, the procedures are often long and complicated, so investors will be accepted to continue with other projects to recover capital.

Road to Nghi Kim commune. Photo: Tran Chau

For example, the extended Le Mao road will exploit the land on both sides of the route, the extended Ly Thuong Kiet road will exploit the Le Loi residential area, the Hung Binh residential area to recover capital; or for Nguyen Viet Xuan road, the investor will exploit the agricultural land behind the oil press factory to do the project.

The city is also focusing on a number of other important projects such as: Cua Nam - Quyet Mountain tourist road; Nguyen Truong To street; Western ring road; Vinh - Cua Lo traffic road.

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