Foreign investors interested in North-South Expressway project
Many investors from the Republic of Korea, Japan and China are looking to join the North-South Expressway project, according to Deputy Minister of Planning and Investment Vu Dai Thang.
Many foreign investors are looking to join the North-South Expressway project (Source: nld.com.vn)
Hanoi (VNA) - Many investors from the Republic of Korea, Japan and China are lookingto join the North-South Expressway project, according to Deputy Minister ofPlanning and Investment Vu Dai Thang.
Twenty-five domestic firms have bought bidding documents for the project, whichwill focus on building road sections along the expressway in the east.
Representatives from the Department ofPublic Procurement stressed the need to select experienced investors,saying foreign investors should prove their success in similar projects inanother country, without litigation and dispute, and ensure quality as well asprogress.
The North-South Expressway has a total length of morethan 2,100km, traversing 32 provinces and cities. The project is divided intothree phases.
During 2017-2020, more than 650km of the roadrunning through 13 provinces and cities will be built.
From 2021-2025, the sections of Bai Vot (Ha Tinhprovince)-Cam Lo (Quang Tri province) and Quang Ngai province-Nha Trang (KhanhHoa province) will be constructed. Meanwhile, the section from La Son (ThuaThien-Hue province) to Tuy Loan (Da Nang city) will be upgraded from two lanesto four lanes.
The section from Can Tho city to Ca Mau city of southernmostCa Mau province will be built and put into operation after 2025.
Total investment for the project during2017-2020 is 118.7 trillion VND (nearly 5.1 billion USD), including 55 trillionVND (2.35 billion USD) from the Government and the remainder raised frominvestors through the public-private partnership model.–VNA
The Ministry of Transport plans to speed up the implementation of the North-South expressway project in 2019, said Minister of Transport Nguyen Van The.
Deputy Prime Minister Trinh Dinh Dung has highlighted the decisive role of land clearance to the success of the North-South expressway project during the 2017-2020 period, ensuring that the construction begins in 2020 and the expressway is put into service one year later.
The management board of the North-South Expressway project will issue prequalification documents to bidders of the National Highway 45-Nghi Son section of the project from May 8 to July 8, according to Cao Viet Hung, head of the board’s Planning Office.
The Ministry of Transport will conduct the selection of investors for the North-South expressway via bidding for projects in the public-private partnership (PPP) form.
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Many foreign investors are looking to join the North-South Expressway project (Source: nld.com.vn) 
