8 transport BOT projects to start in Q2

Created 10 April 2015
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Eight build-operate-transfer (BOT) transport projects with total investment capital of VND22 trillion (US$1 billion) are expected to commence in the second quarter of 2015, according to the Ministry of Transport.

The Dau Giay-Phan Thiet Expressway project is a pilot under the Private-Public Partnership (PPP) form with total estimated investment capital of around US$750 million. Once completed, the four-lane 98.7-km expressway will link the southern province of Dong Nai to the coastal city of Phan Thiet, Binh Thuan province.

In a bid to attract investment to expressway projects along National Highway No 1, the ministry has requested the addition of sections such as Phan Thiet to Nha Trang. 

The scale of the Bien Hoa-Vung Tau project was adjusted and divided into two sub-projects, of which the Bien Hoa-Phu My sub-project will be implemented under the BOT model with total investment capital of over VND7.6 trillion (US$362 million). 

The Nha Trang (Khanh Hoa)-Phan Thiet (Binh Thuan) section of the North-South highway project has a total length of 235 km with four lanes and designed velocity of 80-100 km per hour. It will be funded through the public sector, the State’s budget and the official development assistance (ODA).

Nguyen Danh Duy, Head of the Management Board of PPP Projects under the Ministry of Transport, said the ministry is guiding the implementation of 50 BOT projects, including 37 in land transport, six in aviation, three in waterway transport, three in railway and one in maritime navigation.

The management board is working on a report on PPP projects with the planned addition of more projects, including a road connecting Noi Bai- Lao Cai highway with Sa Pa resort town.

 

Source: VOV

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