Korean corporation scouts for investment opportunities in Can Tho
Korean corporation scouts for investment opportunities in Can Tho
Representatives of the YK Corporation of South Korea have shown interest in investing in National Highway No 91C in Can Tho City in the Mekong Delta.
Le Tien Dung, deputy director of Can Tho City’s Department of Transportation, said that National Highway No 91C would be more than 30km long and 31m wide, with four large bridges and 21 smaller ones.
The cost of the project is expected to be VND15 trillion (about US$ 714 million). The highway will connect all industrial parks with the Cai Cui Port.
Jang Sang Kyu, chairman of the YK Corporation in South Korea, said in a meeting on Tuesday with the city’s People’s Committee that South Korea enterprises were interested in many projects in Can Tho, including National Highway No 91C.
YK Corporation has proposed two plans. The first would be investment under the BOT (Build-Operation-Transfer) mode within a 30-year period.
In the other plan, Can Tho City would invest 20-30 per cent of the total costs and the rest would be loaned from the South Korea government.
Vo Thanh Thong, chairman of Can Tho City’s People Committee, said the city wanted to invest in National Highway No 91C 10 years ago but lacked capital. He said the city preferred to invest in the highway via the BOT mode.
Jang Sang Kyu of YK Corporation also proposed investing in an 18-hole golf course covering 100ha in Can Tho City. The city has one golf course scheduled to open in 2018.
The city will send the proposal to the Prime Minister, Thong said.
