Wednesday, 03/12/2008 13:51

CII: Setting up BOT company

Ho Chi Minh City Infrastructure Investment Joint Stock Company (CII) has informed of setting up BOT company as follows:

- On November 25th 2008, the contract of construction – trade – transference (abbreviation: BOT contract) was signed between Vietnam Road Administration and the joint venture of CII and NBB Investment Corporation (NBB CORP).

- The project is broadening the route in order to bypass the route of Phan Rang – Thap Cham City, Ninh Thuan Province on the 1A Highway.

- The joint venture of CII and NBB CORP will set up the BOT Ninh Thuan Joint Stock Company with chartered capital of VND165 billion in order to implement the project (NBB CORP contributes 60%, CII contributes 40%).

- Total cost of the BOT project is VND548 billion. Time of beak-even point and getting profit is expected as 15 years 7 months and 26 days from the date of putting it into operation.

Hose

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