Two foreign contractors want to undertake the Ho Chi Minh City

The Ho Chi Minh City - Moc Bai Expressway project (Phase 1) is 51km long, passing through Ho Chi Minh City and Tay Ninh , starting from Cu Chi and ending at Moc Bai, with a planned implementation period from 2024-2027. The preliminary total investment for Phase 1 is VND 19,617 billion, of which VND 1,491 billion is the investor's equity; VND 8,452 billion is borrowed capital and other legal sources of funding. State capital in the project (if any) is approximately VND 478 billion; central and city budget capital is VND 9,674 billion. The project does not have any foreign direct investment (ODA).

Upon opening the E-HTQT (online expression of interest), the Ho Chi Minh City Project Management Board for Investment and Construction of Transport Projects (Transport Board) announced that three contractors have expressed interest in the project: the joint venture of Construction Investment Corporation 194 and Lizen Corporation (Vietnam), China Harbour Engineering Company Limited (China), and the joint venture of China Road and Bridge Corporation and Metro Star Investment Corporation (Vietnam).

According to our research, the joint venture between Construction Investment Corporation 194 and Lizen Corporation consists of two domestic enterprises. Construction Investment Corporation 194 has previously participated in the construction of several projects such as: the North-South Expressway (Eastern section from Cam Lam to Vinh Hao, 78.5km long, scheduled for completion in 2024); the upgrading of a 37km section of National Highway 1 through Cam Ranh - Cam Lam (Khanh Hoa, completed in 2015); and National Highway 1K (formerly Ho Chi Minh City - Binh Duong)...

Meanwhile, Lizen (formerly Licogi 16) is known as a key contractor, contributing to many national key transportation projects such as: Van Phong - Nha Trang Expressway, Bien Hoa - Vung Tau Expressway and Bac Giang - Chi Lang Expressway. The company also participates in other major projects such as Ring Road 4 - Hanoi Capital Region.

Perspective view of the Ho Chi Minh City-Moc Bai expressway.

The remaining two contractors are from China: China Harbour Engineering Company Limited (CHEC), a subsidiary of China Communications Construction Company, headquartered in Beijing. In Vietnam, CHEC is involved in projects such as Long Thanh Airport, seaports, wind power plants, and related infrastructure.

With a joint venture between China Road and Bridge Corporation (CRBC) and Metro Star Investment Joint Stock Company, CRBC, a Chinese road and bridge construction company, is seeking investment opportunities in infrastructure projects in Vietnam.

Metro Star Investment Joint Stock Company is a domestic (Vietnamese) real estate and infrastructure investment company that is expanding its operations and collaborating with international partners to participate in large-scale transportation projects.

The Ho Chi Minh City - Moc Bai Expressway is a vital transportation artery connecting the Southern key economic region with the Moc Bai international border gate (Tay Ninh province) and neighboring Cambodia. The project commenced its first phase (mine clearance) on August 19th.

The remaining bidding packages are being urgently implemented by the investor to ensure progress. Among them, the most important package is component project 1, which involves the design, construction, and operation of the entire Ho Chi Minh City - Moc Bai expressway. The survey of investor interest has been completed. According to the Transport Department, based on the survey results, the Transport Department will report to the Ho Chi Minh City People's Committee for consideration and approval of the investor selection method in accordance with regulations.

Component project 1 is expected to select an investor in January 2026 and commence construction in March 2026.

Source: https://baodautu.vn/2-nha-thau--ngoai-muon-lam-du-an-cao-toc-tphcm---moc-bai-d387863.html