The above content was presented by the consulting consortium at the Consultation Conference on the pre-feasibility study report of 5 BOT projects to expand the gateway to Ho Chi Minh City according to Resolution 98 this afternoon (November 14).
The conference organized by the Ho Chi Minh City Department of Transport attracted many investors and traffic construction enterprises such as Ho Chi Minh City Infrastructure Investment Joint Stock Company, Deo Ca Group, Son Hai Group, etc.
According to the consultant's proposal, of the 5 BOT projects, 3 will be elevated. Including the expansion of National Highway 13 (from Binh Trieu Bridge to Binh Duong province border), with a total investment of nearly 20,000 billion VND; the North-South axis road project (from Nguyen Van Linh intersection to Ben Luc - Long Thanh expressway) with a total length of 8.6km, with a total investment of more than 8,483 billion VND.
The third project is the BOT Binh Tien bridge and road (from Pham Van Chi to Nguyen Van Linh) with a length of 3.66km and an investment of more than 6,863 billion VND.
The remaining two projects proposed to be low include the expansion of National Highway 1 (from Kinh Duong Vuong Street to Long An Province border), about 15,897 billion VND. The investment project to build National Highway 22 (from An Suong intersection to Ring Road 3) is about 8.7km long, with an investment of 8,810 billion VND (including interest).
Should diversify investment to avoid 'burying capital'
At the conference, experts and investors gave their opinions and discussed design and construction plans for the routes as well as plans for site clearance, investment, and capital recovery.
Mr. Le Quynh Mai - Vice Chairman of the Board of Directors of Deo Ca Transport Infrastructure Investment Joint Stock Company said that the above 5 BOT projects are all located in urban areas. According to the principle, urban areas limit investment in elevated roads to avoid affecting the aesthetics. Therefore, consultants need to study the underground option, building tunnels through major intersections.
He also suggested that it is necessary to unify the soft criteria of capital recovery plan for projects not exceeding 20 years. Secondly, to be transparent and fair, projects need to collect fees by stage (km) instead of by turn.
“The land cost of most projects is very high, exceeding 50% of the total investment. Therefore, it is necessary to calculate and separate land clearance into a separate project implemented by a state agency. If not, investors will run away immediately,” said Mr. Mai.
Mr. Le Quoc Binh - General Director of Ho Chi Minh City Infrastructure Investment Joint Stock Company said that the need to build an elevated road in the city is not necessary, building an elevated road only solves the problem of going from the starting point to the end point, not solving traffic jams in urban areas, below the elevated road.
“If we build an elevated road, we have to spend 750 billion VND for 1km of road, 5km will cost up to 3,500 billion VND. Each year, we will generate about 350 billion VND in interest. Thus, investors have to bury a lot of capital, and investment efficiency will be lost.
I propose to divide the investment into two phases. Phase 1 will build low-level roads, low-level intersections will build overpasses and underpasses. During the exploitation process, when traffic volume is high, the investor must implement phase 2, which is to build an elevated road according to the contract," Mr. Binh proposed.
The investor representative also agreed that the site clearance work should be separated into a separate project. The project must meet the criteria of 90% clean land.
Responding to investors, Director of the HCMC Department of Transport Tran Quang Lam said that all 5 gateway BOT projects have been separated for site clearance into separate projects. After separating the projects, the city will carry out site clearance.
Regarding the BOT investment plan in a phased manner as proposed by the investor, the Director of the HCMC Department of Transport commented that this is a new and very good way of doing things. The Department of Transport and consultants will take in opinions to complete it in order to meet the harmony of interests, justify the goals and actual effectiveness...
According to the roadmap, in the first quarter of 2025, the investment policy will be approved; a contractor will be selected to prepare a feasibility study report, conduct surveys, prepare a feasibility study report, and survey investor interest; and the feasibility study report will be approved in the third quarter of 2025. The investor will be selected and the first project will be started by the end of 2025.
Proposed maximum speed for cars passing through BOT toll stations in Ho Chi Minh City is only 30km/h
Cars passing through BOT toll stations in Ho Chi Minh City are proposed to have a maximum speed of 30km/h to ensure traffic safety and order.
Ho Chi Minh City will unilaterally terminate the BOT contract for the 1,500 billion VND project to build 2.7km of road.
The project to build a road connecting Vo Van Kiet Avenue to Ho Chi Minh City - Trung Luong Expressway, about 2.7km long, under a BOT contract, with a budget of more than 1,500 billion VND, has been stalled for 6 years now.
Ho Chi Minh City plans to invest 44,000 billion VND in 5 traffic projects under BOT
Ho Chi Minh City will start construction of 5 projects to upgrade, expand and modernize existing road works under the BOT form in late 2025 and early 2026.
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