North-South expy’s Cam Lam-Vinh Hao section finds investors

The Saigon Times

Vehicles travel on the HCMC-Long Thanh-Dau Giay Expressway, part of the North-South Expressway. The Cam Lam-Vinh Hao expressway, a subproject of the North-South Expressway, has found investors – PHOTO: ANH QUAN

HCMC – A consortium comprising Deo Ca Group, Hai Thach Construction JSC and 194 Construction Investment Corporation has been selected as the investors of the Cam Lam-Vinh Hao expressway, a subproject of the North-South Expressway.

The Ministry of Transport has approved the choosing of investors for the project executed under the public-private partnership (PPP) format with a build-operate-transfer contract, making it the second PPP subproject of the North-South Expressway to secure investors, after the Nha Trang-Cam Lam expressway project.

The Cam Lam-Vinh Hao expressway project, which is set to be 78.5 kilometers long and have four lanes, will run through three provinces, Khanh Hoa, Ninh Thuan and Binh Thuan, the local media reported.

The project’s total investment of VND8.9 trillion will consist of some VND3.8 trillion from investors and over VND5.1 trillion from the State budget.

The projected expressway is set to be carried out within 24 months, but the Nui Vung Tunnel component will be completed after 30 months of construction. In addition, the project is allowed to collect tolls for 17 years and 15 days.

In December last year, the Ministry of Transport approved investors for the Nha Trang-Cam Lam expressway. Son Hai Group was named as the investor.

The Nha Trang-Cam Lam expressway project, with a total investment of VND5.5 trillion, will be constructed within two years, while its toll collection time will be 16 years, three months and 28 days.