Ninh Binh - Nam Dinh - Thai Binh Expressway seeking more investors
Total investment capital has been proposed at $962 million.
The government has directed authorities in northern Thai Binh province to review the Ninh Binh - Nam Dinh - Thai Binh Expressway project to ensure the investment capital has been calculated in line with the actual circumstances and to take measures to call for more capital from investors.
The Expressway has a total length of 88 km, connecting the three northern provinces of Ninh Binh, Nam Dinh, and Thai Binh. It is part of an expressway linking Ninh Binh with northern Hai Phong city.
The project’s investor had earlier proposed total investment capital of VND23 trillion ($962 million), including interests for loans.
The project will be invested under the public-private partnership model. State capital will not exceed 50 per cent.
