The Prime Minister has approved the selection of Japan’s Nexco Central Company as the main investor in a project to upgrade the Phap Van-Cau Gie highway project under a build-operate-transfer (BOT) contract.
The Ministry of Transport (MoT) described it as the highly feasible project undertaken by the Japan International Cooperation Agency (JICA).
It said Nexco is much more experienced than local companies in terms of financing, management experience and maintenance of infrastructure facilities.
The only snag in the negotiation process is that Nexco aims for a profit of 23 per cent higher than from other highway projects in Vietnam.
First FDI highway project in Vietnam
The Prime Minister has approved the selection of Japan’s Nexco Central Company as the main investor in a project to upgrade the Phap Van-Cau Gie highway project under a build-operate-transfer contract.
Source: VOV
