In the series of public investment projects with disbursed capital, CC1 participates in many bidding packages for the North-South expressway and Long Thanh airport.
In the first 6 months of this year, this enterprise participated in 4 joint ventures, undertaking four bidding packages in the sections Quy Nhon - Chi Thanh, Chi Thanh - Van Phong, Can Tho - Hau Giang and Hau Giang - Ca Mau.
In July, CC1 was part of a consortium that won bid package No. 12 to construct and install T3 passenger terminal equipment under the T3 passenger terminal construction project - Tan Son Nhat International Airport, worth 9,034 VND. billions dong
On August 17, this unit continued to be part of the winning consortium for package number 21 worth more than 1,400 billion VND, belonging to the Bien Hoa - Vung Tau expressway construction investment project phase 1.
In the first 6 months of the year, public investment capital was disbursed for 12 North-South expressway component projects phase 2, large projects such as Ring Road 3 of Ho Chi Minh City and Ring Road 4 of Hanoi Capital Region phase 1.
Perspective of Long Thanh airport seen from above. Photo: ACV
Recently, on August 24, ACV announced that the Vietur joint venture (including CC1) won the contract for 5.10 Long Thanh airport phase 1 worth more than 35,000 billion VND.
According to the financial statements, the second quarter net revenue of CC1 reached VND 1,236 billion, up 225% compared to the previous quarter. Short-term revenue is nearly 7,000 billion VND. With winning a series of key bidding packages in the past two months, CC1's revenue is expected to surge in the last months of the year.
CC1's strength in technical infrastructure construction is considered a favorable stepping stone, because after two years of interruption due to the epidemic, 2023 is a pivotal year for public investment, focusing on disbursement for a series of transport infrastructure projects. pine.
According to data from the Ministry of Finance, public investment disbursement in the first 6 months of this year reached 215,600 billion VND, equal to 30.49% of the plan assigned by the Government. To complete 95% - 100% of the plan, nearly 500,000 billion VND needs to be disbursed in the last 6 months of the year (equivalent to 78,000 billion VND per month).
In the first 6 months of the year, public investment capital was disbursed for 12 North-South expressway component projects phase 2, large projects such as Ring Road 3 of Ho Chi Minh City and Ring Road 4 of Hanoi Capital Region phase 1.
In addition, a number of other projects started recently such as: Bien Hoa - Vung Tau, Khanh Hoa - Buon Ma Thuot expressway. Long Thanh airport project has also just closed the important package 5.10 to build a passenger terminal (scale 35,234 billion VND), expected to be completed at the end of August.
With positive business results, CC1 recently passed a resolution on the implementation of a plan to issue 29.5 million shares to pay dividends to shareholders in 2022, at the rate of 9% (shareholders owning shares). 100 shares get 9 more shares). The plan is expected to be implemented in the third and fourth quarters of 2023, after approval by the State Securities Commission.
Minh Hoang
