Bitexco Group launches roadshow for DPEP

Bitexco Group has been entrusted by the World Bank and the Government of Vietnam to execute public-private partnership (PPP) infrastructure project Dau Giay-Phan Thiet Expressway (DPEP), a critical link to the national north-south Expressway corridor of Vietnam.Under the current framework, Bitexco has 60 per cent equity interest and the roadshows are aimed at attracting a 2nd investor for the project, from countries like India, which enjoys long-standing bilateral economic relations with Vietnam. Together with the Vietnamese Government and the World Bank, Bitexco will launch a series of investor road shows in the region starting with Mumbai to explore further economic cooperation. Apart from Mumbai, the roadshows will also travel to Seoul, Singapore and Hanoi.Spanning approximately 100 kilometres, the four-lane Dau Giay-Phan Thiet Expressway will link two key cities Ho Chi Minh City with Phan Thiet City in the country’s southern region. Targeted for completion in 2019, the expressway will reduce travelling time substantially between Ho Chi Minh City and destinations of important industrial development as well as tourist attractions in the central and coastal areas.Costing over $757 million to construct, the Dau Giay-Phan Thiet expressway traverses provinces such as Dong Nai and Binh Thuan, which are the growth engines of Vietnam.

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