Adjusting investment policy for the project to build, renovate and upgrade National Highway 12A

The project to renovate and upgrade National Highway 12A, Ba Don bypass section and Song Gianh Cement Factory bypass section, has been extended to 2025 instead of 2024 as originally planned.

The project to renovate and upgrade National Highway 12A, Ba Don bypass section and Song Gianh Cement Factory bypass section, has been extended to 2025 instead of 2024 as originally planned.

Construction of the project to renovate and upgrade National Highway 12A, Ba Don bypass section and Song Gianh Cement Factory bypass section. (Photo: Anh Tuan - Quang Binh Newspaper).

The Minister of Transport has just signed a decision approving the adjustment of the investment policy for the project to build, renovate and upgrade National Highway 12A, Ba Don bypass section and Song Gianh Cement Factory bypass section.

Accordingly, the total investment of the Project was adjusted to VND 541,154 billion, of which VND 511,154 billion is from the central budget in the medium-term public investment plan for the period 2021 - 2025 assigned by the Prime Minister to supplement and adjust in Decision No. 1470/QD-TTg dated November 26, 2024 and VND 30 billion from the capital source from reviewing and rearranging the medium-term public investment plan for the period 2021 - 2025 of the Ministry of Transport allocated by the National Assembly and assigned by the Prime Minister.

In addition, the Ministry of Transport decided to extend the project to renovate and upgrade National Highway 12A, Ba Don bypass section, to be completed in 2025.

Quang Binh Department of Transport is responsible for closely coordinating with local authorities in site clearance, ensuring the completion of the Project on schedule; continuing to inspect and review all procedures, the Project implementation process, the actual volume of implementation, ensuring strict management of Project costs, ensuring that the total investment level mentioned above does not exceed; being responsible for the accuracy of the value of Project costs submitted for approval, and related records and documents provided to the Ministry of Transport.

Compared with Decision No. 1391/QD-BGTVT dated October 31, 2023 approving the adjustment of investment policy, the total investment of the Project has increased by 30 billion VND, mainly due to arising issues related to site clearance compensation.

The project to renovate and upgrade National Highway 12A, Ba Don bypass section and Song Gianh Cement Factory bypass section includes two component projects: Component Project 1: Investment in construction of National Highway 12A, Ba Don town bypass section and Component Project 2: Investment in completion of National Highway 12A, Song Gianh Cement Factory bypass section. Both of these component projects must be completed in 2024.

However, according to the Department of Transport of Quang Binh, Component Project 1 started construction in December 2022, the project implementation period is until the end of December 2024, and now there is less than 1 month left to implement, the output has only reached 45%, so the project cannot be completed as planned, due to the locality's delay in handing over the site; the locality is expected to hand over the remaining site in June 2025.

Based on the remaining volume of the Project and the local site handover plan, the Investor reports to the Ministry of Transport to adjust the Project implementation time to the end of 2025 (complete construction in September 2025, complete acceptance procedures, handover in December 2025).

Source: https://baodautu.vn/dieu-chinh-chu-truong-dau-tu-du-an-xay-dung-cai-tao-nang-cap-quoc-lo-12a-d232559.html