Latest News about MOT
Deo Ca, Vinaconex, Tasco, Sungroup and Vingroup all hope to participate in implementation of the North-South Expressway project.
While Japanese contractors are absent, many Chinese enterprises have registered to attend the bids for eight component projects of the north-south rail expressway project.
Experts say the north-south expressway project worth tens of billions of dollars raises big questions in the context of ‘every locality has one airport’ race.
The requirements on financial capability and experience that contractors must have for the north-south expressway project are out of reach of domestic enterprises.
Contrary to earlier predictions, 26 Vietnamese investors have expressed interest in the north-south rail expressway project.
Even the Mekong Delta, the biggest fruit granary of the country, is having a tough time selling fruit in the midst of massive imports.
The Ministry of Transport (MOT) has issued documents for international bidding to find investors for 5 out of 8 component projects of the North-South Expressway.
Still the ‘engine’ of the country’s economic development, southern provinces have seen growth slowing down.
The representative of the Project Management Unit No 2 under MOT said many foreign investors from France, Japan and South Korea have expressed interest in the Highway 45-Nghi Son section of the north-south expressway project.
Only investors from China have shown willingness to implement the north-south high-speed railway, sparking concern among National Assembly’s deputies, according to MOT.
Nearly half of the transport BOT projects under the management of the Directorate for Roads of Vietnam (DFRV) report low revenue, with many of them incurring big losses.
The government is submitting to the National Assembly a mammoth north-south express railway project worth $59 billion.
Only 50 percent of Vietnam’s inland waterway network, measured in kilometers (19,000), is easily navigable, according to the Department of Inland Waterway.