The construction of five sub-projects of the North-South Expressway will start in May and June.
|The construction of five sub-projects of the North-South Expressway will begin within this quarter |
Notably, the construction of Dien Chau-Bai Vot sub-section (between Nghe An and Ha Tinh) will be started on May 22 under the public-private partnership (PPP) model.
On May 13, the Ministry of Transport and local joint-venture of Hoa Hiep-CIENCO4-Nui Hong Investment-Truong Son Investment-VINA2 Investment and Construction signed the build-operate-transfer (BOT) contract to develop the project.
The expressway Dien Chau-Bai Vot section has a total length of 50km and crosses the two provinces of Nghe An (44.4km) and Ha Tinh (4.9km). The project has total investment capital of VND11.15 trillion ($484.8 million), VND5.1 trillion ($221.74 million) of which come from contractors while the state will contribute VND6.06 trillion ($263.5 million).
The second section is Nha Trang-Cam Lam, which is expected to get off the ground next month. The section, located in Khanh Hoa province, has a total investment of over VND5.5 trillion ($239.13 million) including over VND2.5 trillion ($108.7 million) from the investor and over VND2.9 trillion ($126.1 million) from the state budget. The project will be implemented over two years and will have a payback period of about 16 years and four months.
The third one is the Cam Lam-Vinh Hao Highway, which is invested by the joint venture of Deo Ca Group, Hai Thach Investment Construction JSC, and 194 Construction Investment Corporation. The joint venture will use the BOT form to participate in the PPP project. The construction of this section is expected to start in June.
The two other sections, namely National Highway 45-Nghi Son and Nghi Son-Dien Chau, are also expected to start construction in June. The former will be developed by two joint ventures, including the joint venture of Cienco 4, Hoa Binh Construction Group, Thuan An Trading and Development Construction JSC, Newcity Group JSC, and 18 Transport Construction JSC.
The other joint venture includes Licogi 16, Dien Phuc Co., Ltd., FECON JSC, 468 Construction and Consultancy Investment JSC, and FECON Infrastructure JSC. The project is designed to have four lanes with the total investment capital of VND6.33 trillion ($275.2 million), VND2.03 trillion ($88.26 million) of which will come from the state budget.
The 50km-long Nghi Son-Dien Chau Expressway costs VND7.28 trillion ($316.5 million). It will run through Thanh Hoa and Nghe An provinces.
The North-South Expressway project comprises 11 sub-projects. Among them, six sub-projects invested by the state (Cao Bo-Mai Son, Mai Son-National Highway 45, Cam Lo-La Son, Vinh Hao-Phan Thiet, Phan Thiet-Dau Giay, and My Thuan 2 Bridge) have started construction.