Survey of investor interest in Ho Chi Minh City expressway project

From November 6 to December 31, 2024, Ho Chi Minh City conducted a survey of investors' interest in the Ho Chi Minh City - Moc Bai Expressway Construction Project (Phase 1).

Survey of investors' interest in the Ho Chi Minh City - Moc Bai expressway project

From November 6 to December 31, 2024, Ho Chi Minh City conducted a survey of investors' interest in the Ho Chi Minh City - Moc Bai Expressway Construction Project (Phase 1).

On November 6, the Ho Chi Minh City People's Committee issued Notice No. 455/TB-UBND on surveying investors' interest in the Ho Chi Minh City - Moc Bai Expressway Investment Project, preliminary total investment (phase 1).

According to the survey announcement, the Ho Chi Minh City - Moc Bai Expressway Investment Project, preliminary total investment (phase 1) is 19,617 billion VND.

Of which, the investor's capital participating in the Project is 9,943 billion VND (accounting for 50.69% of the total investment of the Project).

To participate in the Project, the Ho Chi Minh City People's Committee sets out specific criteria such as: investors must have equity capital of VND 1,491 billion, accounting for 15% of the total investment of the Project; if a consortium, the leading investor of the consortium must have a minimum capital ownership ratio of 30%, each member of the consortium must have a minimum capital ownership ratio of 15% in the consortium.

Perspective of Ho Chi Minh City - Moc Bai Expressway

The investor survey contents include: survey on the ability to implement the Project; assessment of attractiveness; expected return on equity of investors; ability to mobilize and provide credit capital to implement the Project...

Regarding the form of investor selection, there will be competitive negotiations in case there are no more than 3 investors meeting the requirements to implement the Project.

In case there are 6 or more investors established under Vietnamese law registering interest, there will be a domestic open bidding with pre-qualification.

In case there are less than 6 interested investors; of which at least one investor established under foreign law registers interest, international open bidding will be held.

Investors interested in the Project can submit applications, declare information about capacity and experience according to the forms, and attach supporting documents.

The deadline for submitting expressions of interest for the Project is from November 6 to December 31, 2024.

Currently, the Ho Chi Minh City - Moc Bai Expressway Project is receiving attention from a number of domestic and foreign investors. In early February 2024, China Road and Bridge Corporation (CRBC) sent a proposal to the Ho Chi Minh City People's Committee with the desire to participate in investing in this Project.

Source: https://baodautu.vn/khao-sat-su-quan-tam-cua-nha-dau-tu-doi-voi-du-an-cao-toc-tphcm---moc-bai-d229370.html