The government will help Japanese companies bid for contracts, worth roughly 50 billion yen in total, to build an expressway and sewage treatment plant in Vietnam.
Tokyo will enable the companies to receive up to 150 million yen from it to cover the costs of research necessary to formulate detailed plans.
It will offer more financial support once the firms sign a contract. This will take the form of yen loans and others under the official development assistance scheme, and loans and investment from the Japan Bank for International Cooperation.
The expressway project will involve widening a 30km road between central Hanoi and its suburbs from four lanes to six, as well as operating the highway, which after the construction will be made a tollway.
Itochu Corp, Katahira & Engineers International and Central Nippon Expressway Co. are looking to undertake the project.
The sewage plant, to be built in Hanoi, will include facilities to turn organic residue into compost and biomass fuel for generating power.
Orix Corp. and Nippon Koei Co. are considering the project. If the firms receive the contract, the sewage plant will be the first built in Vietnam by a private business.
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