At least 15 foreign investors will attend a preliminary screening meeting to build the Dau Giay-Phan Thiet expressway on September 19.
At least 15 foreign investors will attend a preliminary screening meeting to build the Dau Giay-Phan Thiet expressway on September 19.
According to the Ministry of Transport's public-private partnership (PPP) department, around 100 foreign investors have shown keen interest in building the highway following a series of road shows launched in Asian nations at the end of July, and 15 of them have already evinced interest in attending the preliminary meeting.
One international investor will be chosen along with local firm Bitexco Group, who has been chosen as the primary builder.
Bidding to select the second investor will be held between the fourth quarters of 2013 and 2014.
The Dau Giay-Phan Thiet expressway will be the first highway in Viet Nam to be funded by private and State funds under the PPP mode, with the Government's expenditure estimated at $257 million.
According to Deputy Minister of Transport Nguyen Ngoc Dong, it will serve as a trial for other infrastructure projects to be carried out under the PPP model in future.
Bitexco Group will bring in up to 60 per cent of the total cost of around $750 million, and the other investor the rest.
The 98km expressway will connect the under-construction HCM City-Long Thanh-Dau Giay expressway with National Highway No 1A in Binh Thuan Province.
It will help reduce the travelling time between HCM City and the south-central region, and also ease the congestion on National Highway No 1A.
(Source: VNS)
