ex. Game, Music, Video, Photography

Bidding for North-South Expressway scheduled in August

Bidding for eight PPP components of the North-South Expressway will be held in August, Minister of Transport Nguyen Van The says.

Ngày đăng: 15 tháng 9, 2021
Cập nhật: 14 tháng 1, 2023
Lượt xem: 314056502
Nguồn: vnexpress

"We then can report to the National Assembly about the bids in September," he told lawmakers at a house session on Wednesday.

The said 34 firms - 24 Vietnamese and 10 foreign, six Chinese, two Japanese, and one French and one South Korean - have collected bid documents.

The Ministry of Transport said last week that work on the eight public-private partnership (PPP) projects of the eastern section of the North-South Expressway could begin next April after the government awards them by first shortlisting five bidders and then narrowing them down to one for each project.

The ministry expects 70 percent of the land acquisition to be completed by then.

At the National Assembly, delegate Nguyen Ngoc Phuong of Quang Binh Province raised concern about Vietnamese firms’ inability to enter the bidding due to their lack of finances and domestic banks’ reluctance to lend.

The suggested that domestic firms could form a consortium among themselves or join hands with foreign companies.

The National Assembly has determined that for the North-South Expressway PPP projects at least 20 percent of total investment must come from the private partners' equity.

Thus, a component of the expressway costing VND20 trillion ($855 million) will require the private partner to bring in $171 million in equity, which is beyond most Vietnamese companies’ wherewithal.

The said to ensure quality and transparency his ministry hired two foreign companies to compile the bid documents.

Of the 11 components of the eastern section of the North-South Expressway, three will be publicly funded while the remaining eight to be put up for tenders. They are expected to cost VND118 trillion ($5.06 billion), with VND55 trillion ($2.36 billion) coming from the government.

The 11 components will make up 654 kilometers of the 2,000-kilometer expressway running from Nam Dinh Province near Hanoi to Vinh Long Province, southwest of Ho Chi Minh City. The expressway is scheduled to be completed in 2025.

Turning then to the North-South High-speed Railway project, The said his ministry has already submitted a proposal to the government and hopes to get lawmakers’ support for it.

Deputy Prime Minister Trinh Dinh Dung in April was quoted as saying in a statement released by the Government Office that this project is of large scale and would cost a lot and so should be carefully studied to make sure it will achieve general consensus.

South Korean conglomerate Hyundai Group last week expressed interest in both the expressway and high-speed railway projects at a meeting with Ministry of Transport officials. Its vice president, Chung Jin-hae, said for PPP investments, government guarantees like minimum revenue guarantees are important.

Government guarantees were among the 10 points the Ministry of Planning and Investment listed in a document it recently circulated among relevant agencies to solicit opinions for its PPP bill.

Its proposals on guarantees related to minimum returns and foreign exchange risks, if approved, might help remove some bottlenecks and attract foreign investors to major PPP transport infrastructure projects.


Từ vựng liên quan

Tin tức liên quan

  Lyft to slow hiring, assess budget cuts
world 27/05/2022

Lyft to slow hiring, assess budget cuts

world | 389106491

Ride-hailing firm Lyft Inc said on Tuesday it would slowdown hiring and assess budget cuts in some departments, joining rival Uber Technologies Inc in attempting to rein in costs.

  EU in talks for common purchase of vaccine, antiviral against monkeypox
world 30/05/2022

EU in talks for common purchase of vaccine, antiviral against monkeypox

world | 389536506

The European Union is working on a common purchasing agreement for vaccines and antivirals against monkeypox, as cases of the viral disease usually endemic to Africa gather steam in Europe and beyond.

Vietnam faces electricity shortages from April
business 26/04/2022

Vietnam faces electricity shortages from April

economy | 380636499

Vietnam may face a power shortage from April due to tight coal supplies, Vietnam Electricity (EVN) reported.

 Vietnam says will try to achieve consensus in UN Security Council
news 21/03/2021

Vietnam says will try to achieve consensus in UN Security Council

news | 18726549

As a non-permanent member of the United Nations Security Council, Vietnam said its top concern is finding consensus among the 15 members.

Ho Chi Minh Stock Exchange cancels FLC share sale, freezes chairman
business 16/01/2022

Ho Chi Minh Stock Exchange cancels FLC share sale, freezes chairman's accounts

companies | 366346492

The Ho Chi Minh Stock Exchange (HoSE) has canceled the Monday sale of 74.8 million FLC shares and frozen its chairman's accounts following his trading violations.

Vietnam Deputy PM’s East Sea comments gather broad support
news 17/09/2021

Vietnam Deputy PM’s East Sea comments gather broad support

news | 320706491

Vietnamese Deputy PM won the support of many countries for his ‘direct, sincere and amicable’ East Sea comments at the ASEAN meeting this week.

 Khanh Hoa seeks green light for allowing foreign tourists
travel 06/10/2021

Khanh Hoa seeks green light for allowing foreign tourists

places | 343346501

Authorities in Khanh Hoa Province have sought approval from the Ministry of Culture, Sports and Tourism to allow back in fully immunized tourists from Europe and Northeast Asia.

 South Korea removes Vietnam from strengthened quarantine requirement list
travel 07/05/2022

South Korea removes Vietnam from strengthened quarantine requirement list

travel | 384616497

The Korea Disease Control and Prevention Agency (KDCA) announced it had pulled Vietnam, Myanmar and Ukraine off its list of countries with strengthened quarantine requirements.

 Vietnam women’s football team beats Thailand, in Asiad quarters
news 29/03/2021

Vietnam women’s football team beats Thailand, in Asiad quarters

news | 143156539

Vietnamese women have advanced to the quarterfinals of the Asiad 2018 football competition with 3-2 victory over Thailand.

Link Tài Trợ - Sponsored Links

Công Thức Vật Lý
Loading…