Hanoi to appoint the investor for BT project worth VND 1,600 billion

HANOI, May 23 (Engingeering Daily) -- Hanoi People's Committee has approved the plan of selecting investors to implement the Minh Khai - Vinh Tuy - Yen Duyen road project, section from the end of Minh Khai road to Ring road 2.5 in the form of BT contract worth VND 1,620 billion.

The project is proposed by Vinh Hung Infrastructure Investment and Development Corporation.

According to the approved decision, the Hanoi Project Management Unit of Transport Construction is decided to call the tender. Project selection of investors is in the form of appointment of investors, the Single-Stage: One-Envelope Bidding. The time for selecting investors is in Quarter 2/2018. Contract execution time is 24 months.

The bidder shall be responsible to organize the selection of investors for implementation of the project strictly according to current regulations. At the same time, they shall organize to prepare and submit the required dossier, evaluate the dossier of proposals and select the investor for the implementation of the project in accordance with the provisions of the law on bidding for selection of investors.

In order to recover the investment capital for this project, investors can exploit 3 land funds in Hanoi with the total area of 60 ha.