Adjusting the investment policy of the Phan Thiet Airport BOT Project will be associated with the possibility of early termination of the contract with Rang Dong Joint Stock Company.
 |
| Perspective of Phan Thiet airport. |
Investment scale is clear
Exactly 4 months since the Inter-sectoral Appraisal Council issued Report No. 4823/BC-BKHĐT on the appraisal results of the Pre-Feasibility Study Report, the Phan Thiet Airport Project, the civil aviation category under the BOT contract form, has made new progress.
Accordingly, last week, the Ministry of Planning and Investment sent an official dispatch to the Ministry of Transport, Ministry of Finance, Ministry of Construction, Ministry of National Defense, Ministry of Public Security, Ministry of Natural Resources and Environment; and the State Bank of Vietnam to ask for opinions on the explanation and acceptance of the People's Committee of Binh Thuan province regarding the approval of the adjustment of the investment policy of the Phan Thiet Airport Project, civil aviation category under the form of a BOT contract.
Previously, the Chairman of Binh Thuan Provincial People's Committee sent Document No. 3513/TTr-UBND to the Prime Minister on approving the adjustment of investment policy and terminating the contract ahead of schedule for the Phan Thiet Airport Project, civil aviation item under the BOT form.
In Document No. 3513, the People's Committee of Binh Thuan province proposed that the Prime Minister consider approving the adjustment of the investment policy of the Phan Thiet Airport Project, civil aviation category under the form of a BOT contract.
Accordingly, the Project aims to serve the flight operations of civil aviation aircraft of level 4E, ensuring a capacity of 2 million passengers/year by 2030, a capacity of 3 million passengers/year by 2050 and operating irregular domestic and international flights (if any) to serve the travel of people, tourists, and domestic and foreign investors.
Binh Thuan Provincial People's Committee proposed to divide the Project into 2 phases, in which phase I will be invested from 2025 with main items including 2 taxiways connecting the parking lot with the parallel taxiway; civil aviation parking lot with a construction area of 93,721 m2; passenger terminal with a usable area of 16,185 m2 with a design capacity of 2.5 million passengers/year (ensuring an operating capacity of 2 million passengers/year by 2030 according to the plan)...
In phase II (from 2036), the Project will invest in a civil aviation aircraft parking lot with a construction area of 8,879 m2 to reach a total parking lot construction area of about 102,600 m2; expand the terminal area by about 3,015 m2 to reach a total usable area of about 19,200 m2 with a design capacity of 3 million passengers/year; expand the construction area by about 3,323 m2 to reach a total parking lot area of about 17,000 m2; airline catering processing area; hangar area; general aviation area and other related auxiliary works.
“The above investment scale is to meet the demand and is consistent with the Master Plan for the development of the national airport and seaport system for the period 2021-2030, with a vision to 2050,” stated Submission No. 3513 signed by Mr. Doan Anh Dung, Chairman of Binh Thuan Provincial People's Committee.
Finalize costs for old investors
It is known that with the above investment scale, the Phan Thiet Airport Project, civil aviation category under the BOT contract form has a preliminary total investment of VND 5,077,676 billion (including loan interest costs), of which phase I has a total investment of VND 3,798,491 billion, phase II has a total investment of VND 1,279.1 billion.
It is expected that the state capital participating in the Project is 19,955 billion VND (to pay for compensation and site clearance costs already implemented); investor capital is 5,057,721 billion VND (minimum equity is 758.66 billion VND, equivalent to 15%; maximum credit loan is 4,299,061 billion VND, equivalent to 85%).
According to calculations, the project implementation, operation and exploitation time is 47 years and 3 months. Of which, the preparation and construction investment time is 28 months; the operation, exploitation and capital recovery time is 44 years and 11 months.
Previously, according to Report No. 4823/BC-HDTĐLN, the State Bank - a member of the Inter-sectoral Appraisal Council, stated that the equity ratio participating in the Project is still low. To increase the feasibility and effectiveness of the Project, the People's Committee of Binh Thuan province needs to consider increasing the equity ratio of the investor, and at the same time carefully evaluate the bidding capacity and select investors with sufficient capacity to implement the Project.
In Submission No. 3513, the People's Committee of Binh Thuan Province said that it had signed a document with the former investor, Rang Dong Joint Stock Company, agreeing to terminate the project contract ahead of schedule. At the same time, Rang Dong Joint Stock Company committed not to file any complaints or lawsuits regarding the termination of the above BOT contract ahead of schedule.
Up to now, the costs that the investor has incurred and have been audited by an independent auditing consultant (A&C Auditing and Consulting Company Limited) are 15.1 billion VND.
“These costs have been updated in the total investment of the Project in the adjusted dossier of the Pre-Feasibility Study Report and will be specified and detailed in the total investment of the adjusted dossier of the Feasibility Study Report, and will be included in the bidding dossier for selecting investors regarding the fact that the selected investor will be responsible for reimbursing these costs to Rang Dong Joint Stock Company”, informed the leader of the People's Committee of Binh Thuan province.
Project investment policy decision level: Prime Minister
Project approval and BOT contract signing agency: Binh Thuan Provincial People's Committee
Project preparation unit: Department of Transport of Binh Thuan province
Inviting party: Binh Thuan Department of Transport
Investor selection method: Open bidding
Time to organize investor selection: 2025.
Source: https://baodautu.vn/dong-thai-moi-tai-du-an-bot-cang-hang-khong-phan-thiet-d228432.html
Comment (0)