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
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