The Government has proposed to the National Assembly three options for transforming investment models at sub-projects of the Eastern North-South Expressway for consideration.

The Ministry of Transport (MOT) said that it has been difficult to mobilize credit capital for the huge eastern North-South Expressway project.

Vietnam is stimulating key transport projects and other infrastructure ones to support development and economic recovery in post-Covid-19. And this is a good opportunity for investors.

The 13 localities the North-South Expressway runs through have sped up land clearance to hand over land for the project before June 30.

Eight Public-Private Partnership (PPP) projects for the North-South Expressway’s eastern section during the 2017-20 period have finished the preliminary selection of investors, according to the Ministry of Transport.

The Ministry of Transport will put component projects of the North-South Expressway out to bid, Minister Nguyen Van The told the Vietnam News Agency on April 14.

The key Eastern Cluster of the North-South Expressway venture has run aground, prompting the Ministry of Transport to reconsider investment scenarios to improve the bankability of each component project

Three component projects of the North-South Expressway master plan are expected to be shifted from the private-public partnership model to the public investment model.

Stagnant site clearance work for the North-South Expressway project means work will not start on the project this August as planned.

Nguyen Van The, Minister of Transport talks to the Thời báo Kinh tế (Economics Times) newspaper that the transport sector will do its best to achieve many breakthroughs to take the sector to a higher level.

The Government has prepared a backup plan to fund the North-South Expressway (NSE) amid fears that private investors might not be financially capable of carrying out the mega project, the transport minister has said.

The management boards of the North-South Expressway’s sub-projects have received applications from 32 domestic investors and joint ventures.

Concerns over capital recovery, difficulty in accessing bank loans and the scant number of vehicles traveling on projected roads have discouraged local investors from joining the project to build eight sections of the north-south expressway.

Vietnam has closed its doors to international investors joining the Eastern Cluster of the North-South Expressway initiative, catering to domestic groups only. 

Deo Ca, Vinaconex, Tasco, Sungroup and Vingroup all hope to participate in implementation of the North-South Expressway project.

With the decision on canceling international bidding for the North-South expressway, the success or failure of the project now depends on the capability of domestic contractors and the credit to be provided.

Domestic investors now have more opportunities to implement the eight component projects of the north-south expressway as the Ministry of Transport (MOT) has canceled open international bidding.

The Ministry of Transport has issued a statement regarding the selection of investors for a projectto build a number of routes in the eastern section of the North-South Expressway.

Vietnamese firms have been the first contractors selected for the eastern North-South expressway project.

Vietnamese investors registering to attend the bid for eight component projects of the north-south expressway have complained that they have found it difficult to compete with foreign investors to win the bids.