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Conclusion of the Strategic Partnership with FECON
Conclusion of the Strategic Partnership with FECON
The first Entry to the Toll Road Business in Vietnam as the Japanese Expressway Company
June 5, 2017
Central Nippon Expressway Company Limited
Japan Expressway International Company Limited
On June 4, 2017, Central Nippon Expressway Company Limited (NEXCO-Central) (Head office: Naka-ku, Nagoya, President and CEO: Yoshihito Miyaike) and Japan Expressway International Company Limited (JEXWAY) (Head office: Chiyoda-ku, Tokyo, President: Koji Kuroda) entered into the Strategic Partnership Agreement with FECON Corporation (FECON), the Vietnam construction company (Head office: Hanoi, Chairman: Pham Viet Khoa), and FECON Infrastructure Investment Joint Stock Company (FCI), the subsidiary company (Head office: Hanoi, Genaral Director: Muon Van Chien). At the same time, NEXCO-Central and JEXWAY will acquire 20% shares of FCC Infrastructure Investment Joint Stock Company (FCC), the toll road company of "Phu Ly Bypass" in the suburbs of Hanoi(Head office: Hanoi, Chief Executive Officer: Muon Van Chien). This is the first case that the Japanese Expressway Company has entered the toll road business in Vietnam.
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