Investing 19,784 billion VND to build 60.9 km of 4-lane Nam Dinh - Thai Binh expressway
The PPP project to invest in the construction of the Ninh Binh - Hai Phong expressway, the section passing through Nam Dinh and Thai Binh provinces, will bid to select investors in the fourth quarter of 2024.
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The Chairman of Thai Binh Provincial People's Committee has just signed Decision No. 1799/QD-UBND approving the investment project to build the Ninh Binh - Hai Phong expressway, the section through Nam Dinh and Thai Binh provinces under the PPP method. This is a project proposed by Geleximco Group as the investor.
The project has a starting point (Km 19+300) at the beginning of the Day River overpass in Nam Dinh, in Nghia Thai commune, Nghia Hung district, Nam Dinh province; the end point (Km 80+200) at the intersection between the new National Highway 37 and the coastal road, in Thuy Trinh commune, Thai Thuy district, Thai Binh province.
The total length of the project route is about 60.9 km (of which the section through Nam Dinh province is 27.6 km long; the section through Thai Binh province is 33.3 km long) and will be built according to expressway standards (TCVN 5729:2012), 4 complete lanes with a roadbed width of 24.5 m, and a design speed of 120 km/h.
The project will build 23 bridges on the main route, of which the longest bridge is the Red River overpass connecting Thai Binh and Nam Dinh, 1,115 m long; 4 overpasses; 4 intersections; and an intelligent traffic management system.
On the route, it is planned to build 1 rest stop at Km 33+500 (Truc Ninh district, Nam Dinh province) and 1 at Km 51+900 (Kien Xuong district, Thai Binh province). The investment, business and exploitation plan of the rest stop is implemented in accordance with the provisions of law (not within the scope of this project).
Total land use demand is about 538.44 ha (including planned resettlement areas; not including rest stop areas), of which residential land is about 8.91 ha; agricultural land is about 453.85 ha; land for construction of educational and training facilities is about 0.38 ha; land for production and business is about 2.1 ha; other non-agricultural land is about 73.2 ha (including land types: traffic, irrigation, cemetery land, energy construction land).
With the above investment scale, the total investment of the Project excluding interest is 19,149.275 billion VND; the total investment including interest is 19,784.55 billion VND.
The project implementation period is from 2023, basically completed in 2027, and put into operation from 2028.
In this Project, the capital that the investor and project enterprise are responsible for arranging is 10,447.55 billion VND (52.81%); the State capital is 9,337.00 billion VND (47.19%) which is reserved for supporting the construction of works, infrastructure systems of 6,200.00 billion VND and paying compensation, site clearance, and resettlement support costs of 3,137 billion VND.
With the investor's profit rate of 10.78%/year; loan interest rate of 9.33%/year; starting ticket prices (in 2028) for 5 groups of vehicles are respectively: 2,100 - 3,000 - 4,400 - 8,000 - 12,000 (VND/km)... The project will collect fees to recover capital within 25 years and 4 months.
The form of investor selection for the Project is domestic open bidding; the time to organize investor selection is the 4th quarter of 2024.
The Chairman of the People's Committee of Thai Binh province assigned the Management Board of Investment Projects for Construction of Traffic Works of Thai Binh province to manage the State capital participating in the project to ensure savings and efficiency, to avoid negativity, loss, waste and to comply with the provisions of law.
This unit will also preside over and coordinate with relevant agencies to complete the bidding documents, submit them to competent authorities for consideration and approval as a basis for selecting investors to implement the project; at the same time, organize the selection of investors in accordance with the provisions of law.
According to the Ministry of Transport, the Ninh Binh - Hai Phong expressway is of great importance, connecting the provinces in the South of the Red River, the North Central region with Lach Huyen international gateway port, connecting the coastal provinces in the Red River Delta; investing in the expressway will open up new development space for the South of the Red River Delta and the North Central region; contributing to ensuring traffic safety; reducing logistics costs.
Once completed, the route will connect with expressways such as the North-South Expressway, Hanoi-Hai Phong Expressway, National Highway 10, National Highway 1, National Highway 21, the new National Highway 37; economic development axes such as the economic development axis of Nam Dinh province, the new Nam Dinh-Lac Quan road, and the Thai Binh-Con Vanh road.
At the same time, it helps connect with Cat Bi International Airport, Van Don International Airport, seaports, and Mong Cai International Border Gate. With the nature and role of an inter-regional road, the investment and synchronous operation of the Ninh Binh - Hai Phong expressway will contribute to increasing the ability to connect traffic with roads in the region and between the coastal localities of the North.
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