The Bien Hoa - Vung Tau Expressway construction investment project (phase 1) is being proposed to adjust its investment policy due to the total investment increasing by about 4,256 billion VND.
Assign focal point for appraisal and adjustment of Bien Hoa - Vung Tau Expressway Project
The Bien Hoa - Vung Tau Expressway construction investment project (phase 1) is being proposed to adjust its investment policy due to the total investment increasing by about 4,256 billion VND.
The Government Office has just sent an official dispatch to the Ministry of Finance and the Ministry of Construction to convey the direction of Deputy Prime Minister Tran Hong Ha on the appraisal and adjustment of the investment policy for the Bien Hoa - Vung Tau Expressway Construction Investment Project (Phase 1).
Specifically, the Deputy Prime Minister assigned the Ministry of Finance to propose an appraisal to adjust the investment policy of the Bien Hoa - Vung Tau Expressway Construction Investment Project (Phase 1) in accordance with the provisions of the law on public investment, and report to the Prime Minister before March 5, 2025.
Previously, the Ministry of Transport (now the Ministry of Construction) submitted a document to the Government requesting consideration of adjusting the investment policy for the Bien Hoa - Vung Tau Expressway Construction Investment Project (phase 1).
The Bien Hoa - Vung Tau Expressway construction investment project (phase 1) must be adjusted because during the implementation process, a number of factors arose that increased the total investment of the approved component projects, leading to a preliminary increase in the total project investment approved by the National Assembly.
Specifically, the Ministry of Transport proposed adding a different level intersection connecting with My Xuan - Ngai Giao road (provincial road 991) to strengthen the connection between Cai Mep - Thi Vai port area and Long Thanh International Airport, increasing the cost by about VND 1,627 billion.
In addition, the cost of compensation, support and resettlement of the Bien Hoa - Vung Tau Expressway Construction Investment Project, after review and synthesis during the project implementation process, is expected to be 9,856 billion VND (including the addition of a different level intersection connecting with My Xuan - Ngai Giao road, about 813 billion VND), an increase of 3,227 billion VND.
This cost increase is mainly due to the re-counting and re-calibration of the volume and area structure of affected land types; re-calibration of the volume and cost of technical infrastructure relocation; and changes in compensation unit prices in Dong Nai and Ba Ria - Vung Tau provinces at the time of land acquisition compared to the estimate. The third increase is the cost of construction and equipment. This cost is calculated to be updated at VND 9,835 billion, an increase of VND 1,528 billion (including the cost of additional construction of a different-level intersection connecting to My Xuan - Ngai Giao road of about VND 631 billion).
The additional cost is due to reviewing, updating, and optimizing design solutions for soft soil treatment, bridge design, etc. to suit actual conditions, stability, and safety in exploitation; fluctuations in unit prices of materials, labor, and construction machinery at the time of preparation and approval of technical design documents and construction estimates for the project in 2023 compared to the time of preparation of the previous investment policy; and addition of vehicle weighing stations at 3 component projects.
For the above reasons, the preliminary total investment of the Bien Hoa - Vung Tau Expressway Construction Investment Project (Phase 1) after review and update is estimated at 22,093 billion VND, an increase of 4,256 billion VND compared to the preliminary total investment approved by the National Assembly.
According to the provisions of the Investment Law, due to the preliminary change in the total investment of the approved project, it is necessary to adjust the project investment policy as a basis for implementing the following work.
Source: https://baodautu.vn/giao-dau-moi-tham-dinh-dieu-chinh-du-an-cao-toc-bien-hoa---vung-tau-d251117.html
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