PROJECTS

Feasibility and Structuring of Ninh Binh—Bai Vot Expressway, Vietnam

The problem

Vietnam’s development was hindered by slow and congested inter-city roads. The government wanted privately-financed expressways but had no experience with highway PPPs.

How we helped

Castalia assessed the technical and financial feasibility of a proposal for a privately financed 218 km expressway between Ninh binh and Bai Vot, which was planned as one segment of Vietnam’s North-South Expressway. We completed a market sounding with regional investors to determine how much capital the government could expect to raise. We developed a PPP structure and financing plan, including an estimate of viability gap funding required. In light of the estimated US$2.3 billion financing required and the limited financing capacity of institutions in region, we developed options to divide the expressway into three sections which could be procured separately.

Impact

The Government heeded our advice to divide the expressway into three sections, each of the sections being procured separately. The procurement has been launched, with the goal of selecting winning bidders in 2020. Once built, the expressway is expected to halve the journey time from Hanoi to Bai Vot, from seven hours to three hours.

The client

Our team

Alex Sundakov

Executive Director

David Ehrhardt

Chief Executive

Giang Doan

Director

Find out more

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How can we help you?

How can we help you?

WASHINGTON, DC
+1 (202) 466-6790
1747 Pennsylvania Avenue NW, Suite 1200
United States of America

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+61 (2) 9231 6862
Suite 19.01, Level 19, 227 Elizabeth Street
Australia

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+64 (4) 913 2800
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New Zealand

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+64 (4) 913 2800
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New Zealand

PARIS
+33 (0)1 85 64 10 22
3B Rue Taylor
France

BOGOTÁ
+57 (1) 508 5794
Calle 81 #11-08, Piso 5, Oficina 5-121
Colombia

Thinking for a better world.

PROJECTS NEWS BLOG CONTACT

© Copyright 2019 Castalia. All rights reserved. Terms | Privacy | Credits | Sitemap

WASHINGTON, DC
+1 (202) 466-6790
1747 Pennsylvania Avenue NW, Suite 1200
United States of America

SYDNEY
+61 (2) 9231 6862
Suite 19.01, Level 19, 227 Elizabeth Street
Australia

AUCKLAND
+64 (4) 913 2800
74D France Street, Newton South
New Zealand

WELLINGTON
+64 (4) 913 2800
Level 2, 88 The Terrace
New Zealand

PARIS
+33 (1) 73 44 26 97
6 Rue Duret
France

BOGOTÁ
+57 (1) 508 5794
Calle 81 #11-08, Piso 5, Oficina 5-127
Colombia

Thinking for a better world.

PROJECTS NEWS BLOG CONTACT

© Copyright 2019 Castalia. All rights reserved.

Terms | Privacy | Credits | Sitemap