A section of the La Sơn-Tuy Loan Highway, part of the North-South Expressway, crossing the central province of Thua Thien-Hue (Photo: VNA)Hanoi (VNA) - Themanagement boards of the North-South Expressway’s sub-projects have receivedapplications from 32 domestic investors and joint ventures.
There are eight public-privatepartnership (PPP) sub-projects seeking domestic investors.
The list of investors has not beenrevealed. A decision on the pre-qualification round is expected inFebruary next year.
The Ministry of Transport has setcriteria to mark potential investors with a maximum score of 100. Financialcapacity accounts for 60 points, while 30 scores points will be awarded forexperience and 10 points for planning.
Each project will select five investorsto bid.
According to Minister of Transport NguyenVan The, it would take 30 days to evaluate the pre-qualificationapplications and 40 days to approve them.
Bidding will start in April, andwill take 90 days to evaluate and about 50 days to approve.
The bidding could be completed byNovember next year, The said.
In July, the ministry announced theywould cancel open international bidding for eight projects on theNorth-South Expressway, in favour of homegrown investors.
The number of foreign investors passingthe pre-qualification stage was low, leading to a lack of competition,said the ministry.
The North-South Expressway covers2,109km, extending from the northern mountainous province of Lang Son tothe southernmost province of Ca Mau.
It has 11 sub-projects, with threeinvested by the State budget, and others under PPP deals.
Once completed, it is expected tobecome a backbone connecting the entire country.
A number of sections covering 601km arealready under construction./.
VNA
