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Publication permit No: 60/GP-TTĐT , April 05, 2010.
Hanoi-Hong Kong partnership offers $50 billion traffic infrastructure investment
Date: 10/3/2016 10:31:28 AM
Hanoi General Export Import JSC (Geleximco) and Hong Kong United Investors Holding (HUI) expressed interest in co-developing four large-scale traffic infrastructure projects in Vietnam.
Notably, the two parties have requested authorisation from the Ministry of Transport to develop the Thanh Hoa-Ha Tinh and Ho Chi Minh City-Khanh Hoa expressways under the north-south expressway project, the Halong-Van Don-Mong Cai Highway project, the north-south express railway project, and the Long Thanh international airport.
Although, the investors have yet to release the specific investment capital for the four projects, it is expected to be nearly $50 billion.
HUI has vast experience in implementing traffic infrastructure as well as international terminal projects. In addition, it has strong financial potential due to the backing of financial enterprises from Hong Kong, including Huarong Oversea Investment, China Minsheng Financial, and China Orient Asset Management International.
Geleximco was established in 1993 to operate import, export, and trade services. The corporation has gradually laid down the groundwork for its venture into industry, real estate, financing, and information technology. Currently, it has 30 subsidiaries and dozens of affiliates operating throughout Vietnam.
Since its inception, the company has been co-operating with renowned global players, including leading US conglomerate GE, Chinese bank CDB and Kaidi Group, to deploy large-scale projects, helping to generate employment for thousands of local workers and giving a facelift to its project locations.
Some of Geleximco’s projects include the 37-hectare Cai Dam in Quang Ninh province, the 97-hectare Maison Du Parc on Hanoi’s Pham Van Dong road, the 135-hectare Le Trong Tan project, the 250-hectare Dong Truc-Ngoc Liep project in Quoc Oai district, all in Hanoi, as well as numerous 4 and 5-star hotels and trade centres.
(Source:vir.com.vn)
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