The Ministry of Transport of Vietnam has signed a contract with a consortium of five companies to build the Dien Chau-Bai Vot section of the North-South expressway under a public-private partnership arrangement (PPP). The contract is to Build-Transfer-Operate (BOT) 50-kilometers expressway, which crosses two provinces of Nghe An (44.4 kilometers) and Ha Tinh (4.9 kilometers). The project will have four lanes and an average speed of 80 km/hour. The winning consortium consists of the following local investors:
- Hoa Hiep
- CIENCO4
- Nui Hong Investment
- Truong Son Investment
- VINA2 Investment and Construction
The estimated investment capital of the project is VND11.15 trillion (US$481.4 million), from which the consortium would mobilize VND5.1 trillion (US$220.2 million), while the state funds VND6.06 trillion (US$261.6 million). The construction is expected to take up to 3 years with a concession period of 16 years and 6 months.
Country updates
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May 16, 2021
90% work on Phu Quoc International Passenger Port completed in Vietnam
Leaders of contractor Portcoast have announced that about 90% of the workload on Phu Quoc International Passenger Port has been completed in Vietnam. Phu Quoc has significant potential as a leis...
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May 13, 2021
Vietnam to proceed with Ring Road No.4 PPP
Hanoi Party Committee in Vietnam has launched plans to build a 98-kilometer long ring road No. 4, which will connect three northern provinces of Hanoi, Hung Yen, and Bac Ninh in Vietnam. The...
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May 11, 2021
Winner announced for section of the North-South expressway PPP project
The Public-Private Partnership Department under the Ministry of Transport (MoT) has selected Son Hai Corporation as a winning contractor for the North-South expressway sub-project section Nha Tra...
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April 26, 2021
Eni completes acquisition of Block 115 in Vietnam
Eni, through its affiliate Eni Vietnam, has completed the acquisition from Krisenergy (Vietnam 115) Ltd. of a 100% participating interest and the operatorship in Block 115/09, offshore central Vietnam...
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March 04, 2021
Investors announced for Metro line 5 PPP in Ho Chi Minh City
Urban Railways of Ho Chi Minh City (MAUR) has announced investors and consultants for the Metro line 5 project in the city. The Kemix group is financing the pre-feasibility study for the project. This...
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