(Engineering daily) Nguyen Anh Duong = Hyundai E&C is interesting about market of PPP(public-private partnership) in Viet Nam.
According to a source, Jin Haeng Chung(Vice chairman of Hyundai E&C) joined a working session with leaders of the Ministry of Transport.
Hyundai E&C expressed interest in developing large-scale transport infrastructure projects in Vietnam, including the North-South Express Railway.
And it also wants to transfer technology and train human resources for local partners.
Regarding the method to mobilise the capital for this public-private partnership (PPP) project, Hyundai recommended that the governments of both countries get involved to attract financial investors more easily and play a key role in site clearance.
In November 2018, a group of state-owned consultancy companies including Transport Engineering Design Incorporation (TEDI), Transport Engineering Design Incorporated South (TEDIS) and Transport Investment and Construction Consultant Company (TRICC) suggested building a rail route of 1,545 kilometres running through 20 cities and provinces.
The route will be divided into three sections for separate investment and construction. The sections running from Hanoi to Nghe An province’s Vinh city (282.65㎞) and from Khanh Hoa province’s Nha Trang city to Ho Chi Minh City (362.15㎞) are planned to be constructed in the first phase, which is due to be finished by 2030.
Meanwhile, the section connecting Vinh city and Nha Trang city will be put into operation during 2030-2040 or 2045.