Hanoi (VNA) – Eleven investors, including those from theRepublic of Korea and China, wish to invest in the My Thuan-Can Tho expresswayin the Mekong Delta region.
The Thang Long project Management Board under the Ministry ofTransport invited investors to join the 23.6km My Thuan-Can Tho expresswayfrom April 15 to May 15. The selection process lasts from May 15 to June 16.
The project, to be implemented in the public-private partnership (PPP)form and BOT (build-operate-transfer) contract, needs total investment of about5.4 trillion VND (237.6 million USD).
The investor must provide at least 20 percent of the total investment.
My Thuan-Can Tho expressway starts from the connection point withNational Highway 80 in Vinh Long city of Vinh Long province, and ends at theCha Va connection point with National Highway 1 in Vinh Long.
On March 29, the Government Office issued a dispatch on the speeding upof investment projects, requesting the Ministry of Transport to promptly constructthe road system in the Mekong Delta region.
Initially, the ministry was asked to hasten the construction of theTrung Luong-My Thuan and My Thuan-Can Tho expressways.-VNA
The Thoi Thuan –Thanh Loc road, running through the Mekong Delta city of Can Tho’s Thot Not district and Vinh Thanh commune, was put into use on January 12.
Many important transportation works such as expressways and bridges in the southern region have increased inter-regional connections and faster pace of development in the southern key economic zone.
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Amidst the current financial constraints, the continuing mobilisation of financial resources from non-state sectors for transport infrastructure development is necessary, according to experts.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
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This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
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Illustrative Image (Source: VNA) 
