HCMC – The Government has proposed the National Assembly (NA) Standing Committee transfer the National Highway 45-Nghi Son and Nghi Son-Dien Chau subprojects of the North-South Expressway project from the public-private-partnership (PPP) model to the public investment model.
The proposal was made as the Ministry of Transport failed to woo investors for these subprojects, the local media reported.
The Government also suggested the NA’s Standing Committee assign it with executing subprojects that have been moved to the public investment model to put them into service in 2023 and work out plans to recover capital to repay the State budget.
The 50-kilometer Nghi Son-Dien Chau section requires an investment of VND8.38 trillion. No investor has registered to participate in a tender for the subproject.
As for the 43-kilometer National Highway 45-Nghi Son subproject, the investment was estimated at VND6.33 trillion. Only a consortium of Licogi16 – FECON – 486 submitted dossiers to join a tender for the subproject. However, the Ministry of Transport has canceled the tender as the consortium failed to meet the requirements of the tender.
According to the Government, the technical design, capital estimation and site clearance for the two subprojects have been 92% completed, which have paved the way for the groundbreaking of the subprojects in the first and second quarters of next year and their completion in 2023.
If the Ministry of Transport holds other tenders to choose investors for the two subprojects, the time required to complete them will be extended for 10 more months.