Important new highway works are moving ahead in Vietnam - Image courtesy of © Svetlana German, Dreamstime
The public investment model will now be used for two stretches of Vietnam’s North-South Expressway project. The National Highway 45-Nghi Son and Nghi Son-Dien Chau sections were previously to have been built under the PPP model. In all, building the 11 sections of the North-South Expressway currently planned is costing US$3.86 billion.
Vietnam’s $390 million Cam Lam-Vinh Hao Highway project is being carried out by a joint venture comprising 194 Construction Investment, Hai Thach Investment Construction and Deo Ca Group. The 78.5km route will connect Binh Thuan, Ninh Thuan and Khanh Hoa provinces and the construction of the link will take around 24 months and include building the Nui Vung tunnel. The route will form part of the North-South Expressway project and is being built under the PPP model. The build-operate-transfer package includes a 17-year toll collection concession.
