Thu Duc Water Plant BOO Project

Abstract

In December 2004, the People's Committee of Ho Chi Minh City granted the investment license to Thu Duc BOO Corporation to invest, operate and own the Thu Duc Water Treatment Plant with a capacity of 300,000 m3/day under a Build-Own-Operate contract. The project would supply treated water tomore than 1 million residents in Districts 2, 9, 7 and Nha Be. Investors in the Thu Duc BOO Corporation included HCMC Infrastructure Investment Corporation (CII), Construction General Corporation No. 1, HCMC Fund for Infrastructure and Urban Development (HIFU), Refrigeration Electrical Engineering Corporation (REE), Thu Duc Housing Development Corporation (TDH), and Water and Environment Corporation (WACO). The total investment cost in nominal prices was estimated at VND1,547 billion, of which VND1,047 billion were financed from the Development Bank of Vietnam (VDB). The EPC contract was signed with Hyundai Mobis of South Korea.