T&T Group and France’s Bouygues signed two memorandums of understanding in investing in Hanoi urban railway project route No. 3 and upgrading Hang Day Stadium in Hanoi.
The signing ceremony in the presence of Vietnam’s Party General Secretary Nguyen Phu Trong and President of the French Republic Emmanuel Macron
The signing ceremony was just held in the presence of Vietnam’s Party General Secretary Nguyen Phu Trong and President of the French Republic Emmanuel Macron in Élysée Palace, Paris.
The total value of two memorandums was roughly $2 billion of which $1.74 billion was used to invest in and develop the project of Hanoi urban railway route No. 3 and $0.3 billion was poured in Hang Day Stadium renovation.
In details, the project of urban railway route No. 3 which connects Hanoi centre with Son Tay town was developed in the form of PPP (Public Private Partnerships) and it had a total length of 31.1 kilometers.
These two memorandums were signed during an official visit of Vietnam’s Party General Secretary Nguyen Phu Trong to France on the occasion of 45th anniversary of diplomatic relations between the two countries.
This visit is expected to open up investment opportunities in Vietnam for the leading economic groups in the world as well as promote domestic and foreign cooperation for Vietnam’s major economic projects.
T&T Group founded in 1993 operates mutil-sectors such as real estate, finance, industry or import-export trading market.
Bouygues Construction is one of the world’s leading companies in the field of design and construction of international infrastructure projects. In these memorandums, Bouygues Group committed to working with T&T Group in the design, construction, maintenance, support and financing for these two projects.
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