North-South expressway project to select investors

The Ministry of Transport (MoT) will sell bidding documents to select investors for the North-South expressway project in the coming time, said Nguyen Danh Huy, head of the ministry’s Department of Public-Private Partnership (PPP) (Photo: VNA)

He said that the feasibility studies on 11 sub-projects for the construction of the eastern section of the expressway project in the 2017-2020 period had been approved.

Accordingly, the MoT is selecting consulting units for those projects. Among the three projects using capital sourced from the State budget, the selections for the Cao Bo-Mai Son and La Son-Tuy Loan are projected to run until the second quarter of 2019. 

Meanwhile, that of the My Thuan 2 bridge project will be carried out over nine months to finish in the following quarter.

Huy added that the construction of eight PPP projects will start in the first quarter of 2020, while the building of three public investment ones will begin next year and are due to be finished by 2021.

As many as 654km of the east section of the North-South expressway is set to be built during 2017-2020, with a total investment of nearly 118.72 trillion VND (5.09 billion USD), including 55 trillion VND from the State budget./.

VNA