Le Anh
Trung Luong-My Thuan Expressway will be connected to HCMC-Trung Luong Expressway which has been put into use since 2010 - Photo: Anh Quan
According to a report of Cuu Long Corporation for Investment, Development and Project Management of Infrastructure (Cuu Long CIPM) sent to the Ministry of Transport, the Trung Luong-My Thuan Expressway project can be implemented under many investment models.
There are currently two investors interested in the project and wanting to develop the Trung Luong-Cai Lay section under the BOT model. After taking into account the feasibility, Cuu Long CIPM has proposed to soon start work on the section under this model while the remaining section between Cai Lay and My Thuan will use official development assistance (ODA) loans.
To seek more investors, the Ministry of Transport requested the Ministry of Planning and Investment to add Trung Luong-My Thuan Expressway to the list of projects implemented under the public-private partnership (PPP) model in August.
Earlier, Cuu Long CIPM proposed to borrow loans from some foreign banks and use its charter capital to kick off the project this year. However, there has not been any positive signal from foreign banks so far.
This expressway project was once assigned to Bank for Investment and Development of Vietnam and kicked off in November, 2009. Nevertheless, after two years of failing to mobilize capital, the bank returned the project which was then transferred to Cuu Long CIPM.
With a length of 54 kilometers, Trung Luong-My Thuan Expressway needs over VND22 trillion and has one end connected to HCMC-Trung Luong Expressway.
Đăng ký: VietNam News
