North-south highway project fails to lure investorsVietNamNet Bridge - Many investors have shown interest in the huge north-south highway project, but are reluctant to make investment decisions. Dien Dan Doanh Nghiep quoted sources from ABD as reporting that the legal framework applied to infrastructure projects and the north-south highway project is not clear enough, which makes it difficult to calculate profits and anticipate risks. The stockholder equity required from BOT project developers was 15 percent only in the past. As it is nearly impossible to attract foreign investors, the project will fall into deadlock if Vietnamese investors cannot join the bidding. A senior executive said that it was difficult to access bank loans, because commercial banks tightened lending after the scandals with BOT projects.

Source: VietNamNet News March 09, 2018 02:26 UTC