Vietnam’s rapid economic growth in recent years has put pressure on its aging infrastructure. (Photo: Vo Thanh)
Accordingly, the bid documents issuance is expected to last until next month.
After that, MoT will conduct the selection of investors for the North-South expressway projects via bidding.
Reportedly, the ministry will use 100-point scale grading methods for the prequalification applications to assess capacity and experience of potential investors. Of which, the investors’ financial capacity will account for 60 percent of the total points, while capacity of experience will make up 30 percent. The remaining 10 percent will go to project implementation of investors.
The North-South expressway project, with eleven components, is among the Vietnamese Government’s top priorities in 2019. Three of the conponents are publicly funded, while the rest will be built under public-private partnership (PPP) model.
The 11 components expected to cost VND118 trillion ($5.06 billion), with VND55 trillion ($2.36 billion) funded by the government.
As expected, they will together stretch 654 kilometers as part of the 2,000-kilometer expressway from Nam Dinh near Hanoi to Vinh Long Province to the southwest of Ho Chi Minh City. The North-South expressway is expected to be finished by 2025.
