Vietnam’s Ministry of Transport (MoT) has launched a tender for five sections of the North-South Expressway PPP project. Bidders have two months to submit their proposals in September.
The invitation to tender was issued to private partners who have passed the preliminary round.
One of the conditions of the award of the contract is that bidders need to provide funding for the projects worth in total VND 22.35 trillion (US$ 961.28 million). The selected team will have 6 months to secure the funding.
The bids will be evaluated by December so that the project could start in January 2021 and completed in 2023.
654 km long Eastern North-South Expressway is divided in 11 sections. 6 of the sections will be funded from state budget and 5 will be implemented on a PPP basis.
The 5 sections to be implemented by the private sector are:
- National Highway 45-Nghi Son
- Nghi Son-Dien Chau
- Dien Chau-Bai Vot
- Nha Trang-Cam Lam
- Cam Lam-Vinh Hao.
The total cost of the 11 sections is estimated at VND 100.816 trillion (US$4.33 billion). The government will provide VND 78.461 trillion (US$ 3.37 billion), the rest will be provided by the private sector.
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