Cuu Long infrastructure corporation awaits PM’s approval

Ministry of Traffic and Transportation has sought prime minister’s approval on setting up Cuu Long Traffic Infrastructure Investment Development and Management Corp (Cuu Long CIPM) and the capital mobilisation plan and operation mechanism of My Thuan-Can Tho expressway project.

Cuu Long CIPM, under the ministry, was formed based on restructuring My Thuan-Can Tho expressway PMU and merging Can Tho Bridge Management and Development One Member Co Ltd into Bridge 715 Management and Repairing One Member Co Ltd

Cuu Long CIPM has a charter capital of 833 billion dong sourced from Can Tho bridge fee collection, assets of Can Tho Bridge and HCM City-Trung Luong expressway project,

The corporation will raise capital and generate southern expressway projects including My Thuan-Can Tho expressway (Public Private Partnership project) in 32.3 kilometres of length and total cost of $338 million.

Tags: Cuu Long Traffic Infrastructure Investment Development and Management Corp, Vietnam Infrastructure

Posted by VBN on May 28 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