On the afternoon of May 26th, Vice Chairman of the Lam Dong Provincial People's Committee Nguyen Hong Hai chaired a meeting to hear a report on the preparation of the proposal for the Coastal Road Project through the Phu Thuy – Phan Thiet – Tien Thanh area under the Public-Private Partnership (PPP) method, specifically the Build-Transfer (BT) contract type.

According to the Lam Dong Department of Finance, the coastal road in the central area of Phan Thiet is included in the list of key projects for the period 2026-2030.

The project is expected to create a synchronized coastal transportation axis, expand urban space, promote tourism and service development, and improve the efficiency of coastal land use.

According to the proposal from the joint venture investors, the project will be approximately 14.6 km long, starting from the DT.706B roundabout in Phu Thuy and ending at the intersection with the DT.719 route in Tien Thanh.

The route is designed according to urban arterial road standards with a scale of 6 lanes and a design speed of 80 km/hour. Two large bridges, the Ca Ty Bridge and the Phu Hai Bridge, are planned along the route to create architectural and landscape highlights for the coastal area.

The preliminary total investment for the project is approximately 10,000 billion VND, including investment costs, land clearance, contingency, and related expenses. After reviewing the investment options, the Department of Finance determined that the Build-Operate-Transfer (BOT) model is unsuitable because the project primarily serves urban development, landscape improvement, and tourism, making it difficult to guarantee a return on investment from toll collection.

Meanwhile, the Build-Lease-Transfer (BLT) model is also not suitable for the nature of the project. Based on this, the unit proposes researching a PPP option under a Build-Transfer (BT) contract to help investors proactively secure funding while facilitating the efficient utilization of the corresponding land fund.

At the meeting, representatives of the joint venture investors, including CC1 Asset Management and Services Co., Ltd., Construction Corporation No. 1 - JSC, and Construction and Design Company No. 1, presented their capabilities and experience in implementing infrastructure projects.

The joint venture investors also committed to focusing resources on implementing the project if the principle is approved.

Speaking at the meeting, Vice Chairman of the Provincial People's Committee Nguyen Hong Hai emphasized that the Phu Thuy – Phan Thiet – Tien Thanh coastal road is of great importance in expanding urban space, promoting tourism and services, and increasing the connectivity of coastal infrastructure.

According to provincial leaders, this is a large-scale project involving many fields and requiring high standards in architecture and engineering, especially for the two key bridge structures along the route. Therefore, the implementation process needs to be carried out synchronously across many aspects to ensure the project's progress.

The Vice Chairman of the Provincial People's Committee requested the Department of Construction to take the lead in coordinating with the investor to urgently develop a specific roadmap and schedule by early June 2026. Based on that, the investor needs to make clear commitments regarding capacity, resources, and implementation time.

The Department of Construction continues to compile opinions from various departments and agencies, and advise the Provincial People's Committee on related issues to serve as a basis for considering investment policies in the future.

Source: Lam Dong Online Newspaper