Coteccons consortium, Chinese contractor fail to bid for Long Thanh Airport construction

Thus, the Hoa Lu joint venture and CHEC-BCEG-Vietnam Contractors of China Harbour Engineering were eliminated from the bidding process for package 5.10.

However, this is not the final result of the bidding for the Long Thanh Airport terminal project.

Because, according to ACV, currently only Vietur is selected as the contractor that meets the technical requirements. The investor of Long Thanh Airport will take the next step of evaluating the financial documents.

Next, ACV will hold a ceremony to open the financial proposal for the Vietur Joint Venture on August 4. The financial evaluation will take place in August.

Package 5.10 - construction and installation of passenger terminal equipment with a total value of more than 35,000 billion VND is the largest item of the Long Thanh Airport project.

The first bidding round had only one contractor participating, the Coteccons - Vinaconex - Centra - Phuc Hung Holdings - REE - Hoa Binh - HAWEE Joint Venture. ACV failed to pass the bidding and conducted a second bidding round.

The second bidding had three consortiums participating, including Vietur, Hoa Lu and CHEC-BCEG-Vietnam Contractors. At the same time, ACV asked to postpone the completion date of this airport to 2026.

In which, the CHEC-BCEG-Vietnam Contractors consortium is led by the Chinese contractor China Harbour Engineering Transport Construction Group, along with a number of Vietnamese enterprises.

Hoa Lu Joint Venture, led by Coteccons, includes 8 contractors such as Hoa Binh, Central, An Phong, Delta, Unicons, Thanh An and Power Line Engineering (PLE - Thailand).

The Vietur consortium consists of 10 enterprises, led by the Turkish IC Istas Construction and Industry Group. The remaining members include Ricons, Newtecons, Sol E&C, Construction Corporation No. 1, ATAD, Vinaconex, Phuc Hung Holdings, Hawee Electromechanical and Hanoi Construction Corporation.

Of which, Ricons, Newtecons and Sol E&C are three enterprises in Mr. Nguyen Ba Duong's ecosystem.

Ricons recorded Coteccons' debt of more than VND 322 billion at the end of the second quarter of 2023, right before filing a petition with the court to open bankruptcy proceedings against the company.

Source: https://vietnamnet.vn/lien-danh-coteccons-nha-thau-trung-quoc-truot-thau-xay-dung-san-bay-long-thanh-2172407.html