2 "foreign" contractors want to do the Ho Chi Minh City

The Ho Chi Minh City - Moc Bai Expressway Project (Phase 1) is 51km long, passing through Ho Chi Minh City and Tay Ninh , starting from Cu Chi and ending in Moc Bai, with implementation period from 2024 to 2027. The preliminary total investment of Phase 1 is 19,617 billion VND, of which the investor's equity is 1,491 billion VND; loan capital and other legal capital sources of the investor are 8,452 billion VND. State capital in the project (if any) is about 478 billion VND; central and city budget capital is 9,674 billion VND. The project has no foreign capital (ODA).

Having just opened E-HTQT (online expression of interest), the HCM City Traffic Construction Investment Project Management Board (Traffic Board) said that there are 3 contractors interested in this project, including: Joint Venture of Construction Investment Corporation 194 and Lizen Joint Stock Company (Vietnam), China Harbour Engineering Company Limited (China) and Joint Venture of China Road and Bridge Corporation - CT Group (China Road and Bridge Corporation and Metro Star Investment Joint Stock Company, Vietnam).

According to our research, the consortium of 194 Construction Investment Corporation and Lizen Joint Stock Company, includes 2 domestic enterprises. In which, 194 Construction Investment Corporation has participated in the construction of a number of projects such as: North - South Expressway, Eastern section, Cam Lam - Vinh Hao (78.5km long, put into use in 2024); construction of upgrading 37km of National Highway 1 through Cam Ranh - Cam Lam (Khanh Hoa, completed in 2015; National Highway 1K (Ho Chi Minh City - old Binh Duong ) ...

Meanwhile, Lizen (formerly Licogi 16) is known as a key contractor, contributing to many key national traffic projects such as: Van Phong - Nha Trang Expressway, Bien Hoa - Vung Tau Expressway and Bac Giang - Chi Lang Expressway. The company also participates in other major projects such as Ring Road 4 - Hanoi Capital Region.

Perspective of Ho Chi Minh City-Moc Bai Expressway

The remaining two contractors are from China. China Harbour Engineering Company Limited (CHEC) is a member company of China Communications Construction Company Group headquartered in Beijing. In Vietnam, CHEC is participating in projects such as Long Thanh airport, seaport projects, wind power and ancillary works.

With the joint venture China Road and Bridge Corporation (CRBC) and Metro Star Investment Joint Stock Company, CRBC is a Chinese enterprise in the field of road and bridge construction, seeking investment opportunities in infrastructure projects in Vietnam.

Metro Star Investment Joint Stock Company is a domestic real estate and infrastructure investment company (Vietnam), expanding its field of operation and cooperating with international partners to participate in large-scale transportation projects.

The Ho Chi Minh City - Moc Bai Expressway is a vital traffic route, connecting the key economic zone in the South with the Moc Bai international border gate (Tay Ninh) and neighboring Cambodia. The project started the first package (bomb and mine clearance) on August 19.

The remaining packages are being urgently implemented by the investor to ensure progress. In particular, the most important package is the component project 1 of design, construction and operation of the entire Ho Chi Minh City - Moc Bai expressway, which has completed the survey of investors' interest. According to the Traffic Department, based on the survey results, the Traffic Department will report to the Ho Chi Minh City People's Committee to consider and approve the form of investor selection according to regulations.

It is expected that component project 1 will select an investor in January 2026 and start construction in March 2026.

Source: https://baodautu.vn/2-nha-thau--ngoai-muon-lam-du-an-cao-toc-tphcm---moc-bai-d387863.html