Highway One tunnel projects open for bids

The construction contract for the Phu Gia and Phuoc Tuong tunnels on Highway 1 will be opened for bidding, marking the first time a build-operate-transfer (BOT) project will have been offered for tender in a transport project.
The project’s total cost has been estimated at nearly 1.2 trillion dong (nearly US$ 57.6 million), with about 810 billion dong (39.3 million) earmarked for the tunnel construction.

The Ministry of Transport has said that it will put the project out to tender to choose the best contractor to build the tunnels, the second and third in the central province of Thua Thien-Hue following Hai Van Tunnel.

At least two partnerships have registered to bid for the contract. One of the joint ventures is the alliance of Mien Trung Corporation (Cosevco), Civil

Engineering Construction Corporation No 8 (Cienco8), and Phu Thinh Construction Investment Joint Stock Co.

The other consists of HCM City Infrastructure Investment Joint Stock Company (CII) and Civil Engineering Construction Joint Stock Co No 591.

The two tunnels, at 500m and 400m long, respectively, will burrow beneath the Phu Gia and Phuoc Tuong passes for a total length of 8.4km.

The tunnels will be designed to safely accommodate two lanes of vehicles and help ease the busy traffic over the passes, which see traffic of around 21,000 vehicles daily, as well as frequent traffic jams and accidents due to the curvy roadway.

The project is approved in July and work is expected to begin early next year, with completion slated for 2015.
VietnamPlus

Tags:

Posted by VBN on Oct 8 2011. Filed under Construction. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

You must be logged in to post a comment Login

Stay informed everyday

Subscribe to free RSS and email updates from Vietnam Business News

Subscribe via Email Subscribe in a Reader Follow us on Twitter Connect on Facebook

RSS Singapore Business News

  • S’pore firms share “productivity stories” at industry challenge
  • House price growth continues to slow: URA
  • Singapore shares surge 2% on Europe hopes
  • Property prices up marginally in September: NUS
  • 60 companies lauded at SME1 Asia Awards
  • MAS lifts penalty on DBS bank for network glitch

RSS India Business News

  • Nifty may face resistance around 5450 levels: Sharekhan Ltd
  • Markets to remain bullish this week on positive global cues: Experts
  • Government ends safeguard probe on aluminium imports from China
  • India-EU free trade pact likely by February
  • Indonesia seeks import of 5,00,000 tonnes rice from India
  • Thai floods disrupt Indian auto firms’ ops

RSS Malaysia Business News

  • AirAsia X registered strong growth in Q3
  • Pharmaniaga in Mid-East JV deal
  • Faber hospital concession extended
  • CPO extends uptrend on better sentiments
  • Which player can steal more eyeballs in pay-TV market?
  • YTL Comms is the frontrunner for the RM1.5bil 1Bestarinet to wire up schools

Sponsored

  • Looking for an overseas forex broker?
  • Trading Point now offering Forex Malaysia and FX Japan with Forex, CFD's and Futures.