A group of foreign businesses are in talks with the operator of a US$2-billion expressway recently opened to traffic in the north to buy its operating rights, media reports said Tuesday.
VIDIFI, which built and operates the Hanoi – Hai Phong expressway, expects to finish the unprecedented negotiations by the end of the first quarter next year, news website Bao Dau Tu quoted a company representative as saying.
They plan to establish a joint-venture to operate the highway, according to the website. VIDIFI, a joint-venture between state construction firm Vinaconex and some local banks, will retain a 30 percent stake and the foreign investors, led by India-owned IL&FS Transportation Networks Limited, will buy the rest.
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