Vietnam’s ministry rules out direct contracting for national expressway project
PolicyIn case no bidder qualifies for selection, the Ministry of Transport (MoT) would propose adjusting the financing mechanism of the project to public investment, said Nguyen Ngoc Dong, vice minister of transport.
Public investment mainly used to pay debts: minister
PolicyInvestment capital planned for public projects has been largely appropriated to pay the debt arrears of basic construction and to complete transitional projects, while very few fresh projects have been financed in the past few years, said Minister of Planning and Investment Nguyen Chi Dung at a National Assembly (NA) session on June 3.
