Chairman of Hanoi People's Committee Tran Sy Thanh has just signed a document reporting to the Government and Prime Minister on reviewing and agreeing to remove difficulties and obstacles in the implementation of the Ring Road 4 Project - Capital Region.
Perspective of Ring Road 4 Project - Capital Region
The document content shows that Component Project 3: Investment in the construction of expressways under the public-private partnership method under the Beltway 4 Project - Capital Region (Component Project 3) has a total investment of more than 56,293 billion VND, including state capital supporting the construction of works and infrastructure systems of more than 26,767 billion VND, and investor capital of more than 29,525 billion VND.
In Decision No. 6479, the Hanoi People's Committee separated the public investment sub-project in Component Project 3 to invest in the construction of Hong Ha Bridge; the Ring Road 3 section from before the National Highway 6 intersection to the end of the Hanoi - Hai Phong Expressway intersection (including Me So Bridge); Hoai Thuong Bridge; the 9.7 km connecting section (including the completion of the Southwest intersection and the Noi Bai - Ha Long Expressway intersection). The remaining items of Component Project 3 will be implemented by the selected investor using its own capital and credit capital.
According to Hanoi City, the survey work to serve the technical design - construction estimate of the public investment sub-project in Component Project 3 has been basically completed. The city is also implementing the appraisal of bidding documents to select investors for approval at the same time as the design to be implemented after the basic design.
However, according to Hanoi City, the difficulty of the Ring Road 4 - Capital Region Project is to implement the construction of the central expressway - the "backbone" of the project to ensure progress, synchronizing with the component projects of parallel road construction expected to be completed in 2025.
However, the survey results of investors' interest in Component Project 3 show that only 1 investor, T&T Group Corporation, is interested in the project. Therefore, the selection of domestic investors is expected to be difficult because investors must meet the minimum criteria prescribed for a very large transport project, of complex nature and scale, implemented for the first time by Hanoi City under the Investment Law under the public-private partnership method, in which investors need to contribute to the project about 29,525 billion VND...
Hanoi City believes that, with the above reasons, it is unlikely that many domestic investors will join the consortium to form a consortium of investors that meets the requirements.
In order to expand international investors to participate in domestic open bidding to combine many investors to form a consortium of investors with experience to ensure competitiveness, mobilizing more foreign capital to invest in transport infrastructure, the Hanoi People's Committee reports to the Government and the Prime Minister to consider solutions to remove difficulties.
Specifically, based on Decree 35/2021/ND-CP, Hanoi proposes to allow domestic bidding to select investors and prepare bidding documents, which stipulates: "Domestic investors are allowed to form a joint venture with an investor established under foreign law or use a foreign contractor as a partner to participate in the bidding; in this case, the domestic investor must be the head member of the joint venture".
This recommendation was reported by Hanoi City to the 15th National Assembly Supervision Delegation in Report No. 96/BC-UBND dated March 29.
The Ring Road 4 - Capital Region Project started construction in June 2023, with a total investment of about VND 85,813 billion. The project is divided into 7 component projects, of which the elevated highway component of the Ring Road 4 Project is more than 113 km long, running through 3 provinces and cities: Hanoi, Hung Yen, Bac Ninh, with a total investment approved by Hanoi City of VND 56,293 billion.
According to the expected progress, Ring Road 4 - Capital Region will be basically completed in 2026 and put into operation from 2027.
Source: https://thanhnien.vn/ha-noi-lo-kho-tim-nha-dau-tu-du-an-xuong-song-cho-vanh-dai-4-185240530191317825.htm
Comment (0)