Businesses want to build Ho Chi Minh City expressway

Enterprises wanting to build the Ho Chi Minh City - Moc Bai expressway must have a minimum capital of 1,491 billion VND.

Investors wishing to participate in the Ho Chi Minh City - Moc Bai Expressway Project must have a minimum equity capital of VND 1,491 billion, accounting for 15% of the total investment of the Project according to the provisions of the PPP Investment Law.

The Ho Chi Minh City Traffic Construction Investment Project Management Board (Traffic Board) has just sent a document to the Department of Planning and Investment regarding the organization of a survey of investors' interest in the Ho Chi Minh City - Moc Bai Expressway Investment Project (Phase 1).

The Transport Department said that the Ho Chi Minh City - Moc Bai Expressway Investment Project has a preliminary total investment (phase 1) of VND 19,617 billion. Of which, the capital that the investor and PPP project enterprise are responsible for arranging is VND 9,943 billion (accounting for 50.69% of the total investment of the Project).

To participate in the Project, investors must have equity capital of VND 1,491 billion, accounting for 15% of the total investment of the Project as prescribed in Clause 1, Article 77 of the Law on Investment under the public-private partnership (PPP) method.

The State capital participating in the project is 9,674 billion VND, accounting for 49.31% of the total investment of the Project. The State capital participating is mainly for site clearance.

Route direction of Ho Chi Minh City - Moc Bai expressway

According to the Draft Notice prepared to be sent to investors, the expected return on investor equity for the preliminary project is approximately 11.77%/year. The expected toll collection period for the Project is 16 years and 9 months.

Regarding the form of investor selection, there will be competitive negotiations in case there are no more than 3 investors meeting the requirements to implement the Project.

In case there are 6 or more investors established under Vietnamese law registering interest, there will be a domestic open bidding with pre-qualification.

In case there are less than 6 interested investors, of which at least one investor established under foreign law registers interest, then international open bidding will be held.

To ensure full information to investors, the Traffic Committee requested the Department of Planning and Investment to advise the Ho Chi Minh City People's Committee to sign and issue a notice to survey investors' interest.

Then, the Traffic Department is assigned to be the focal point to receive the investors' interest documents and then evaluate and synthesize the number of interested investors to determine the form of investor selection according to regulations.

Source: https://baodautu.vn/doanh-nghiep-muon-lam-cao-toc-tphcm---moc-bai-phai-co-von-toi-thieu-1491-ty-dong-d227523.html