Investors heavily oversubscribve for three component projects of North-South Expressway

August 17, 2020 | 13:56
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Contractors submitted 300 dossiers to apply for the 13 bidding packages of three component projects of the North-South Expressway which were switched from the private-public partnership to public investment model.
investors heavily oversubscribve for three component projects of north south expressway
Investors formed long queues to buy bidding dossiers for the three component projects of the North-South Expressway

The appeal of these component projects was evident at the pre-bidding conference organised by Thang Long Management Board and No.7 project management board under the Ministry of Transport (MoT) on August 14. Notably, in order to ensure safety in the context of COVID-19 pandemic, the organising board allowed only one representative of each contractor to join the conference, but the meeting room was still full.

The sections are The Mai Son-Highway 45 Expressway, Highway 45-Nghi Son Expressway, and Phan Thiet-Dau Giay sections of the North-South Expressway, which have been changed from the public-private partnership (PPP) to the public investment model in mid-June by the National Assembly.

Le Quyet Tien, head of the Transport Engineering Construction and Quality Management Bureau, said, “In order to ensure transparency and create the most favourable conditions for the contractors, we will directly answer their questions here and offline via sending documents to interested contractors.”

Since the MoT approved the model of opening bidding for the three component projects, 120 private contractors and joint venture contractors bought approximately 300 dossiers, 113 of which are for Mai Son-Highway 45 Expressway segment and 106 are for the Vinh Hao-Phan Thiet segment.

Duong Viet Roan, the director of Thang Long Management Board said that according to the plan, the construction of a number of the 13 bidding packages will start in late September this year. The construction of the remaining packages will start in October. As of now, the land clearance of these components is 80 per cent complete.

By Anh Minh

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