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Chinese road construction firm wins bidding package of building HCM City-Long Thanh-Dau Giay expressway
Date: 7/13/2009 8:56:10 AM
Vietnamese Ministry of Traffic and Transportation has signed Decision No 1865/QD-BGTVT approving the result of bidding package 1A of HCM City-Long Thanh-Dau Giay expressway project invested by Vietnam Expressway Co (VEC).
Chinese road construction firm wins bidding package of building HCM City-Long Thanh-Dau Giay expressway.
Accordingly, China Road and Bridge Group Limited ("CRBC Group") won the bidding with the construction time of 32 months and bidding value of 1.382 trillion dong (nearly $77.619 million) including VAT and standby fund. Thanks to this, work on the project will start just in Q3 of 2009 if HCM City and Dong Nai province hands over construction ground.
HCM City-Long Thanh-Dau Giay expressway is 55 kilometres long, including five installation and construction bids worth total $932.4 million sourced from ODA, OCR of Japan International Cooperation Agency (Jica), Asian Development Bank (ADB) and capital mobilisation of VEC.
(Source:VNBusinessNews)
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NEWS CATALOGUE
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- What do FDI enterprises recommend to the Vietnamese Government?
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- Another semiconductor manufacturer expands in Vietnam
- Billions of dollars poured into Vietnamese semiconductor projects
