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The Saigon Times

Saigon Times Group is a leading Vietnamese media organization with prestigious business and consumer publications. After three decades of development, we have built a good reputation through our publications on economy, business and markets for Vietnamese and foreign readers.

Basic

Free

  • Free access to daily domestic news, podcasts and videos

Premium

$5 $1 /month
(VND 23,900)
Monthly Annual

  • Unlimited access to domestic news, podcasts, videos and magazine articles on current social / economic / trade / investment issues, commodity / financial/securities markets, M&A activity, FDI, local and foreign business communities and more.

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28.9 C
Ho Chi Minh City
Tuesday, April 8, 2025

Work on two North-South expressway sections to start in June

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HCMC – The investment procedures for the National Highway 45-Nghi Son and Nghi Son-Dien Chau sections of the North-South expressway projects are being completed so that work on these two sections will begin in June this year.

On March 4, Nguyen Duy Lam, head of the Transport Engineering Construction and Quality Management Bureau under the Ministry of Transport, said after the Government issued resolutions to transfer the two subprojects from the public-private-partnership model to the public investment model, the bureau started appraising the adjusted investment in the subprojects and choosing contractors and technical designers.

The feasibility studies, technical designs and adjusted investment for the two subprojects are expected to be approved by the Ministry of Transport this month, the Vietnam News Agency reported.

The ministry has asked the subprojects’ management boards to hold public and transparent tenders to select capable and experienced contractors. In addition, the management boards of the two subprojects must issue working regulations for the bidding teams to ensure information security and prevent fraud.

Directors of the management boards must take direct responsibility for the progress and quality of the subprojects.

The ministry has coordinated with the Thanh Hoa and Nghe An provinces to accelerate the site clearance work, complete resettlement areas and relocate infrastructure facilities to hand over the site for the subprojects to contractors as early as possible.

In 2020, the Ministry of Transport held tenders to choose investors for the two subprojects but in vain. The National Assembly Standing Committee later decided to transfer them to the public investment model.

The National Highway 45-Nghi Son section was designed to be 43 kilometers long and require an estimated investment of nearly VND7.8 trillion, while the Nghi Son-Dien Chau section will have a length of 50 kilometers and need an investment of VND8.6 trillion.

When being done under the public investment model, the investment in the two subprojects is expected to fall by over VND1 trillion.

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