Intellasia.net
 Services  Tenders BizFind Jobs Archive Search Contact  Tiếng Việt
 
 
Intellasia News Online
Updated: Nov 11, 2008 - 7:49:27 AM (GMT+7:00)
RSS feed to Intellasia Vietnam News RSS Feed Video News Feeds
Free e-mail newsletter
Email this article Send to a friend     Printer friendly page Printer friendly
 « back
  Vietnam's largest English online news database
Search 
 
 
  Stocks & Securities
 
  Business
 
  Finance
 
  Economy
 
  Property
 
  Resources
 
  Infrastructure
 
  Info-tech
 
  Agriculture
 
  Governance
 
  Legal News
  New laws
 
  Society
  Health
  Education
 
  Regional
 
  Tenders
 
 
Major infrastructure projects stick to their timetable
04-SEP-2008 Intellasia | Thanhniennews
Sep 4, 2008 - 7:00:00 AM
Vietnam's first oil refinery is ready to churn out its main products early in 2009, while HCM City's biggest bridge could open to traffic two months ahead of schedule.

Work is proceeding apace at landmark infrastructure projects that are nearing completion, and some are poised to finish ahead of schedule, project heads say.

The Dung Quat Oil Refinery in the central province of Quang Ngai is speeding up work in order to become operational by February next year as scheduled.

Tran Minh Ngoc, deputy head of the oil refinery's management unit, told Thanh Nien that every tendering package of the project has been nearly completed with personnel working flat-out around the clock.

"There will be no deterrent to the progress of the project," Ngoc said.

Until August 29, work on tendering packages 1+4 and 2+3, which involve procurement and installation of equipment and facilities for the refinery, had been almost completed.

Ngoc said that tendering package 5A to build a breakwater, which had worried concerned authorities the most, had wrapped up five months ahead of schedule.

Meanwhile, package 5B (oil product exporting port) and package 7 (administrative and service facilities) have also been completed and are undergoing quality inspections.

The Dung Quat management unit was planning to import crude oil next month so that the refinery could operate on a trial basis by the end of this year, Ngoc affirmed.

The development of human resources for the refinery is also ongoing, with over 500 workers sent to refresher courses in Vietnam and abroad.

The oil refinery is set to hire around 1,200 workers when it is commissioned.

Security concerns

The most vexing problem for the oil refinery is no longer the project's progress, but the worsening security conditions in the area, said Truong Van Tuyen, the management unit head.

At least 50 crimes have been reported so far this year at the Dung Quat Economic Zone, where the refinery is located, including murders, stabbings, looting and drug deals.

The zone, 870 kilometres from HCM City, is home to many petrochemical and heavy industry projects, including the country's first oil refinery.

In a recent visit to the economic zone, prime minister Nguyen Tan Dung also stressed the necessity for public order and security in the area.

Vietnam is Southeast Asia's third-largest crude oil producer with output averaging 350,000 barrels per day. But it still imports most of its oil products in the absence of a refinery.

The commission of the oil refinery will help churn out approximately three million tonnes of diesel and two million tonnes of fuel and other petrochemical products annually, meeting around 30% of the domestic demand.

Phu My Bridge beats schedule

In HCM City, the Phu My Bridge that is set to dwarf all others in the city, will open to traffic two months ahead of schedule in October next year, its main investor claims.

Nguyen Thanh Thai, general director of the Phu My Bridge BOT Joint Stock Co (PMC), said up to 60% of the work had been completed already.

Thai attributed the early completion to strict discipline and good planning.

The investor and foreign contractors-Bilfinger Berger Co of Germany, Baulderstone Hornibrook of Australia and Freyssinet International et Companies and Arcadis of France-had inked an agreement in which the former would be fined US$25,000 and the latter US$50,000 for every day of delay, Thai said.

The foreign contractors had also done a good job in buying equipment and deputing personnel for the project, said Vo Minh Duc, the construction site manager.

Once work on the bridge began, the foreign contractors had imported 6,000 tonnes of iron, which helped them avert the adverse impact of recent price hikes in construction materials, Duc noted.

But Thai admitted that sluggish land acquisition in districts 2, 7, and 9 could delay work on approach roads leading to the bridge by six months.

Construction of the cable-stayed bridge as build-operate-transfer (BOT) project began last March.

Under the BOT model, ownership of an asset reverts to the government after a set period of time.

Following its completion, the six-lane bridge will stand 2,031 metres long and 27.5 metres in wide.

The total cost of the bridge project was budgeted at 2 trillion dong (US$121 million).

PMC is a joint venture between the Hanoi Construction Corp., Construction Investment and Development, the Joint Stock Concrete Co 620, HCM City Infrastructure Investment and Development, and Thanh Danh Construction and Commerce Company.



 

Vietnam Airlines to hire foreign consultant for airport project
International consultant to be sought for Cam Ranh airport
EVN allowed to deduct over 300b dong for reward and welfare fund
Nhan Luat JSC to invest 4.115t dong in 8 hydropower projects
US$290b dong to build Rao Trang 3 hydropower plant
Work starts on Phase II of 6.3t dong water drainage system
Vietnam rejects Posco's billion-dollar steel mill project
Private sector encouraged to develop urban railway
Contract signed for Malaysia-funded power plant
Czech provide US$420m for northern expressway
Vietnam Banking and Finance
Advertising
Intellasia News Services
© 2007 All Rights Reserved
privacy policy : terms of use : contact