Transport ministry opens bids on five PPP projects for North-South Expressway

The Ministry of Transport has approved bidding documents for five component projects of the North-South Expressway to be implemented under the public-private partnership (PPP) format.

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A section along North-South Expressway

Project management boards will inform the short-listed investors from July 16-20, who will then have 60 days to prepare bids.

The ministry will negotiate and sign contracts with investors in December, with construction to begin in early 2021 and complete in 2023, as set by the National Assembly and the Government.

The five component projects cover five sections along the North-South Expressway: National Highway No 45-Nghi Son (Thanh Hoa), Nghi Son-Dien Chau (Nghe An), Dien Chau-Bai Vot (Ha Tinh), Nha Trang-Cam Lam (Khanh Hoa), and Cam Lam-Vinh Hao (Binh Thuan).

The North-South Expressway project has a total length of 654km and is divided into 11 sub-projects, including six under public investment and five under PPP. Investment for the sub-projects totals VND100.8 trillion (US$4.3 billion), of which VND78.4 trillion is from the State budget.

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Work starts on North-South Expressway’s Cam Lo – La Son section
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Work starts on North-South Expressway’s Cam Lo – La Son section

Work starts on North-South Expressway’s Cam Lo – La Son section

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List of interested investors in North-South Expressway disclosed
List of interested investors in North-South Expressway disclosed

Almost all 36 investors who are interested in developing subprojects of the big-ticket North-South Expressway are South Korean and Chinese enterprises, with two coming from France.

List of interested investors in North-South Expressway disclosed

List of interested investors in North-South Expressway disclosed

Almost all 36 investors who are interested in developing subprojects of the big-ticket North-South Expressway are South Korean and Chinese enterprises, with two coming from France.

Criteria for investors of North-South Expressway disclosed
Criteria for investors of North-South Expressway disclosed

The investors selected to develop the North-South Expressway will have to have successfully developed at least one similar project in an overseas market.

Criteria for investors of North-South Expressway disclosed

Criteria for investors of North-South Expressway disclosed

The investors selected to develop the North-South Expressway will have to have successfully developed at least one similar project in an overseas market.