16:21 | 25/04/2015 Investment
(VEN) - After more than 10 years in operation, the tunnel route linking Thua Thien Hue and Da Nang (Hai Van 2 Tunnel) has become overloaded. As such, expansion of the tunnel has become an urgent project that has attracted both domestic and foreign investors.
Nguyen Dinh Bach, General Director of the Hai Van Tunnel Management and Operation Joint Stock Company (HAMADECO), said that at least four delegations of investors had expressed an interest in investing in the Hai Van 2 Tunnel Project. Some foreign businesses wanted to provide 100 percent of the investment capital for the project. At a meeting with the Vietnamese Ministry of Transport on March 16, the PNC Group from the Republic of Korea expressed their wish to invest in the Hai Van 2 Tunnel Project in the form of BOT (Build-Operate-Transfer). Meanwhile, on March 31, the Deo Ca Investment Joint Stock Company met with the Da Nang People’s Committee seeking investment permission.
Deputy Minister of Transport Nguyen Hong Truong:
The existing Hai Van Tunnel has a two-lane route. A survey carried out in 2014 showed that about 6,000 automobiles of different types used the tunnel every day, so the tunnel has become overloaded and needs to be broadened or
According to Deo Ca Investment Joint Stock Company General Director Ho Minh Hoang, it is unsafe for traffic using the existing two-lane Hai Van tunnel, so the company has proposed broadening it into a main route. This project will be implemented as a BOT project with a total investment of over VND6.2 trillion. It includes broadening the existing 6.2km long tunnel by 3.5m to turn it into a two-lane route, constructing a 2.1km long northern access road in Thua Thien Hue Province’s Lang Co Town, and a 4.3km long southern access road in the city of Da Nang. Ho Minh Hoang affirmed that if the project is approved by the Ministry of Transport, its construction will begin in the first quarter of 2016 and finish in the first quarter of 2019.
However, HAMADECO General Director Nguyen Dinh Bach said that before approving this project, the Vietnamese Ministry of Transport must consult the Japanese side because it will use Japanese official development assistance (ODA).
A representative of the Road Management Agency 3 under the Directorate for Roads of Vietnam said that after the project is completed, its investor would renew the existing South Hai Van toll-gate. As such, this will bring the total number of surrounding toll-gates to three, with the one at Phu Gia, another in south Hai Van, and a third in Hoa Phuoc, all located within a 50km radius.
Da Nang People’s Committee Vice Chairman Nguyen Ngoc Tuan said that the Ministry of Transport supported this project in principle, but requested its investor, the Deo Ca Investment Joint Stock Company, to explain why they chose to broaden the tunnel, but not any other option. In his opinion, the investor needs to collect the opinions of the local community and Japanese experts before making any final decision.
By Tran Minh Tich