Assign Vingroup and Techcombank to research and invest in Gia Nghia expressway

Specifically, the Ministry of Transport has issued Document No. 5060/BGTVT-ĐTCT approving the assignment of Vingroup and the Company and Vietnam Technological and Commercial Joint Stock Bank (Techcombank) to preside over the preparation of a pre-feasibility study report. North – South expressway project west of Gia Nghia (Dak Nong) – Chon Thanh (Binh Phuoc) section by PPP mode.

Accordingly, Vingroup and Techcombank are responsible for preparing a pre-feasibility study report for the above project by PPP method; submit to the appraisal and approval of the project investment policy in accordance with the provisions of the Law on Investment in the form of public-private partnership (PPP) and other relevant laws, ensuring compliance with the planning, compliance standards, regulations and technical requirements, work quality.

The cost of making the investment policy proposal dossier and project pre-feasibility study report is determined on the basis of the appraised and approved estimate and included in the total project investment according to regulations.

“Vingroup and Techcombank are responsible for allocating funds to perform the above tasks, in case the project proposal is not approved, the investor shall bear all costs and risks.”document of the Ministry of Transport stated.

Deadline and location for investor’s project proposal submission: Before August 31, 2022 at the head office of the Ho Chi Minh Road Project Management Board, address 106 Thai Thinh, Dong Da, Hanoi.

The preparation, appraisal and approval of the feasibility study report, bidding for investor selection shall be carried out in accordance with the Law on Bidding, the Law on Investment under the mode of public-private partnership and other relevant laws. relate to.

The Ministry of Transport also assigned the Ho Chi Minh Road Project Management Board to guide the completion of the procedures for preparing the pre-feasibility study report, to assume the prime responsibility for receiving project proposal documents, to review, submit for appraisal and submit for approval. approving the investment policy of the North – South expressway construction investment project to the west of the Gia Nghia (Dak Nong) – Chon Thanh (Binh Phuoc) section by PPP method in accordance with regulations.

In case of difficulties or problems arising in the course of implementation, the units shall report to the Ministry of Transport for consideration and settlement.

Previously, the Ministry of Transport received the document No. 0290/2022/CV-VGR-TCB dated May 5, 2022 from Vingroup – Joint Stock Company and Vietnam Technological and Commercial Joint Stock Bank on the proposal of Executing the investment project of the North – South expressway to the west of the Gia Nghia (Dak Nong) – Chon Thanh (Binh Phuoc) section in the form of PPP.