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|Two joint ventures were selected to construct the Nghi Son section of National Highway 45|
As per the decision of (which authority), two joint ventures have been selected as contractors of the large-scale infrastructure project. The first is 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 Nghi Son section of National Highway 45 is one of the eight sections of the Eastern Cluster of the North-South Expressway that will be constructed under the public-private partnership (PPP) model.
This section is 43 kilometres long, stretching from Nong Cong district to Tinh Gia district in Thanh Hoa province.
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.
Previously, the Ministry of Transport selected five local investors to join the bidding for the construction of the Eastern Cluster of the North-South Expressway after four months of filtering dossiers in the preliminary round.
Two joint ventures were chosen to bid for the 50km Nghi Son-Dien Chau section: the joint venture of Hoa Hiep Co., Ltd., Cienco 4, Pink Mountain Investment Co., Ltd., Vietnam Construction JSC No.2 (the first joint venture) and the joint venture of Tan Nam Construction Co., Ltd., Vinaconex, and Thai Son Traffic Work Construction Corporation.
This component project has a total investment capital of VND8.38 trillion ($364.35 million), VND2.55 trillion ($110.87 million) of which comes from the state budget.
For the Dien Chau-Bai Vot section, three investors were selected: the first joint venture applying for the Nghi Son-Dien Chau section, the joint venture of Vinaconex, Tan Nam, and HCJ JSC, and another joint venture consisting of five local companies.
The construction of this component project is estimated to cost VND13.3 trillion ($578.26 million), VND8.07 trillion ($350.87 million) of which will be taken from the state budget.
The Eastern Cluster of the North-South Expressway is a priority national investment projects in 2017-2020 and includes 11 sub-projects with the total length of 654km running through 13 provinces and cities.
The prime minister asked to kick off the construction of these 11 sub-projects in August this year.