Hanoi selects businesses to research and build two key projects

Hanoi recently selected two enterprises to take part in the research and construction of two key projects with total capital of over $3.4 billion. At the selection ceremony, Mr. Nguyen Phi Thuong, Director of the Hanoi Department of Transport, signed a memorandum proposing the participation of a consortium including the Vietnam Import-Export and Construction Joint Stock Company (Vinoconex) and the Pacific Construction Group (CPCG).

The parties agreed to cooperate and share experience in implementing research on Hanoi’s key transportation infrastructure projects, focusing on two projects. The first is the investment and construction of Tu Lien Bridge and the road from Tu Lien Bridge to the Hanoi - Thai Nguyen Expressway, with a total length of about 11.5 km from the Nghi Tam interchange to the Ring Road No. 3 interchange on the Expressway, and the construction of Tu Lien Bridge, with a length of 2.924 km, featuring six lanes for motor vehicles, two mixed lanes, and two pedestrian lanes. Preliminary total investment stands at around $814 million.

The second is investment and construction of Metro Line No. 5’s Van Cao - Ngoc Khanh - Lang - Hoa Lac section. The standard dual-track, electrified railway has a length of 38.43 km, with 21 stations and two depots and preliminary investment of around $2.6 billion.

Speaking at the signing ceremony, Mr. Dao Ngoc Thanh, Chairman of the Board of Directors of Vinaconex, said the company has the potential and experience and has participated in many major transportation projects in the capital and nationwide, and is eager to participate in the investment and construction of key Hanoi transportation infrastructure projects. In this endeavor, Vinaconex and the Pacific Construction Group commit to project implementation that ensures quality, progress, and efficiency.

“The consortium is very grateful to Hanoi for giving us the opportunity to cooperate,” Mr. Thanh said. “This cooperation will bring benefits to all parties. If the two projects are implemented, we commit to offering the lowest cost and fastest progress.”