Select 4 investors for the non-stop BOT toll collection project phase 2
The representative of Project Management Board 2 - Ministry of Transport (representative of the competent State management agency) at the second phase of the automatic non-stop road toll collection project of the Ministry of Transport said that the preliminary selection results for investors to implement this project have been announced. Seven consortia have submitted preliminary applications; of which four consortia have passed this preliminary round.
According to the results approved by the Vietnam Road Administration, the four investors who passed the preliminary selection include the Joint Venture of the Military Industry - Telecommunications Group (Viettel) and Tien Phong Technology Joint Stock Company (Viettel-ITD Joint Venture); the Joint Venture of the Post and Telecommunications - Information Technology Joint Stock Company and the Vietnam Posts and Telecommunications Group (CTIN-VNPT Joint Venture); the Joint Venture of the Smart Building Solutions Joint Stock Company and the Vietnam Construction and Import-Export Joint Stock Corporation (IBS-Vinaconex Joint Venture); the Joint Venture of Vietin Infrastructure Technology Investment Joint Stock Company - Viet Vuong Telecommunication Services Trading Joint Stock Company - Vietnam Joint Stock Commercial Bank for Industry and Trade Fund Management Company Limited - DTS Communications Technology Joint Stock Company (Vietinf-VietinBank Capital-VVT-DTS Joint Venture).
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It is expected that next week, Project Management Board 2 will organize the issuance of project bidding documents and organize bid evaluation within 60 days.
Project Management Board 2 informed that the proposal for the second phase of the automatic non-stop road service fee collection project was approved on June 7, 2016, with the name in the project proposal approval step being the Automatic Non-stop Toll Collection Project for toll stations in the Central and Southern regions and funded by the Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) under the BOO (Build-Own-Operate) contract.
The total approved investment in the project proposal is 2,122 billion VND. Vietin Infrastructure Technology Investment Joint Stock Company (Vietinf) is the investor proposing the project. However, after the project was widely pre-selected, the total investment was reduced to more than 1,751 billion VND.
The project will be implemented at 44 BOT toll stations nationwide; including 11 stations on National Highway 1 and Ho Chi Minh Road through the Central Highlands (to be implemented in 2018) and stations on other national highways (to be implemented in 2019). Vietinf is the unit conducting the feasibility study, proposal and also the unit preparing the project.
