S.Korean firm starts expressway bidding packages worth VND3.61T

South Korea’s Keangnam Enterprises Company on August 1 started building two bidding packages of A4 and A5 totaling VND3.61 trillion (US$189 million) in Noi Bai-Lao Cai Expressway project.

The packages are designed to build a 70.9-km section running through Cam Khe and Ha Hoa districts of Phu Tho province and Tran Yen and Van Yen districts of Yen Bai province.

Work on the sub-projects is scheduled for completion within three years, the Vietnam News Agency said Monday, adding that Keangnam won the contract in March.

Noi Bai-Lao Cai Expressway has a total capital of US$1.216 billion with US$1.09 billion funded by the Asian Development Bank (ADB) and the rest from the Vietnam Expressway Corporation (VEC).

The 264-km highway, which will go through Hanoi and the northern provinces of Vinh Phuc, Phu Tho, Yen Bai and Lao Cai, is expected to boost socio-economic development of the north western region.

Tags: Noi Bai-Lao Cai expressway, Vietnam Infrastructure

Posted by VBN on Aug 7 2010. Filed under Infrastructure. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry