Important parameters of the PPP Project for Investment in Construction and Expansion of the Ho Chi Minh City - Trung Luong - My Thuan Expressway, with a cost of up to VND 33,910 billion, have been clarified.
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| The plan to expand the Ho Chi Minh City – Trung Luong – My Thuan expressway is gradually becoming clearer. In the photo: Ho Chi Minh City – Trung Luong section. |
Finalize investment scope
Although it still has to go through the appraisal stage and seek opinions from relevant ministries, branches and localities, up to this point, the plan to expand the expressway section of Ho Chi Minh City - Trung Luong - My Thuan has become clear if we refer to the latest report that Project Management Board 7 has just sent to the Ministry of Transport.
Project Management Board 7 is the unit assigned by the Ministry of Transport to prepare the Pre-Feasibility Study Report for this project.
In Official Dispatch No. 2358/BQLDA7-DHDA4, Project Management Board 7 requested the Ministry of Transport to consult with the Ho Chi Minh City People's Committee on agreeing not to include the Tan Tao - Cho Dem and Binh Thuan - Cho Dem connecting routes (total length of about 13 km) in the Project.
Ho Chi Minh City People's Committee will arrange appropriate funding to invest in the above two sections, ensuring the completion progress is synchronized with the implementation time of the Project to maximize investment efficiency.
– Prepare pre-feasibility study report, approve investment policy: quarter II/2024 – quarter I/2025.
– Prepare Feasibility Study Report, approve project: Quarter I/2025 – Quarter III/2025.
– Selection of investors to implement the Project: Quarter III/2025 – Quarter I/2026.
– Project implementation: Quarter I/2026 – Quarter IV/2028.
Project Management Board 7 also requested the Ministry of Transport to agree with the People's Committees of Long An and Tien Giang provinces not to include the residential access road (total length of about 67 km) in the Project and requested the two localities to implement the above items as independent projects.
In addition, as the representative of the competent state agency of the Trung Luong - My Thuan Expressway BOT Project Phase I, the People's Committee of Tien Giang province also needs to promptly give opinions on ensuring the legitimate interests between the investor selected to implement the Project to invest in the construction and expansion of the expressway section of Ho Chi Minh City - Trung Luong - My Thuan and the investor implementing Phase I (Trung Luong - My Thuan section) to avoid disputes, complaints and problems arising in the process of implementing the next steps.
Regarding the plan to repay the state budget capital advanced to invest in the Ho Chi Minh City - Trung Luong Expressway Project (Phase I), Project Management Board 7 agrees with the plan proposed by the Consortium of Deo Ca Group Joint Stock Company - Ho Chi Minh City Technical Infrastructure Investment Joint Stock Company - Tasco Joint Stock Company (the investor proposing the Project to invest in the construction and expansion of the Ho Chi Minh City - Trung Luong - My Thuan Expressway).
Specifically, after the investor completes the toll collection to recover the investment capital and ends the contract for the Ho Chi Minh City - Trung Luong - My Thuan Expressway Expansion Investment Project, it will transfer to the State to continue collecting tolls to repay the state budget capital advanced to invest in the Ho Chi Minh City - Trung Luong Expressway Project (Phase I).
Because the Ho Chi Minh City - Trung Luong - My Thuan Expressway Expansion Investment Project is implemented on the part of the project invested by the state budget (for the Ho Chi Minh City - Trung Luong section) and private investment capital (for the Trung Luong - My Thuan section), these are the contents that need to be properly handled if we want to organize the upgrading and expansion of this vital expressway under the PPP method.
No state capital
If the proposals of Project Management Board 7 and the consortium led by Deo Ca Group are approved, the Ho Chi Minh City - Trung Luong - My Thuan Expressway Expansion Investment Project will invest in expanding the entire Ho Chi Minh City - Trung Luong - My Thuan Expressway, 91 km long, including Cho Dem intersection in the period of 2024 - 2028 under the PPP method, BOT contract, without the participation of state budget capital.
In particular, the Ho Chi Minh City - Trung Luong section has its starting point at Km10+000 and Cho Dem intersection; its end point is at Km49+620 before Than Cuu Nghia intersection. The total length of the section is about 39.62 km, passing through Ho Chi Minh City about 1.2 km, Long An province about 28.5 km and Tien Giang province about 9.92 km.
This section is proposed to be expanded to 8 lanes and 2 continuous emergency lanes, with a roadbed width of 41 m. Because in phase I, the land was cleared to a complete scale of 8 lanes, the Ho Chi Minh City - Trung Luong - My Thuan Expressway Expansion Investment Project only clears additional land in some sections to invest in additional necessary items.
For the Trung Luong – My Thuan expressway section, Project Management Board 7 proposed the starting point at Km49+620 before Than Cuu Nghia intersection; the end point at Km101+126 at the intersection with National Highway 30. The total length of the section is about 51.506 km, passing through Cai Lay town and Cai Lay, Chau Thanh, Cai Be, Tan Phuoc districts (all in Tien Giang province).
Because in phase I, 4 lanes and a discontinuous emergency stop strip were invested, the roadbed width was 17 m, and the site was cleared according to the complete scale of 6 lanes, the Ho Chi Minh City - Trung Luong - My Thuan Expressway Expansion Investment Project will invest in expanding 6 lanes and 2 continuous emergency stop lanes, the roadbed width is 32.25 m, and only clears additional land in some sections to invest in additional necessary items.
If the investment in both rest stops and intelligent traffic control and management systems is synchronized, the Ho Chi Minh City - Trung Luong - My Thuan Expressway Expansion Investment Project will have a total investment, including interest during construction, of VND33,910 billion.
Of which, equity is 5,087 billion VND (15% of total investment), loans and other legally mobilized capital sources are 28,823 billion VND (85% of total investment).
With the expected capital mobilization interest rate during the construction and operation period of 10.75%/year; the investor's equity profit rate of 13.88%/year; the starting road service price (2027 - 2028) of 1,300 VND/km/type 1 vehicle and 2,100 VND/km/type 1 vehicle in the next phase, ticket price increase of 12%/3 years, the Project will have a payback period of 18 years, 3 months.
According to Mr. Nguyen Thai Ha, Deputy Director of Project Management Board 7, the unification of contents related to ensuring the legitimate interests between the investor implementing the expanded phase of the Project and the investor implementing phase I (Trung Luong - My Thuan section) is very important, and is a necessary legal basis to avoid disputes, complaints and problems in the next steps.
“Project Management Board 7 urgently works with the investor to prepare a project proposal report and the investor to implement phase I (Trung Luong - My Thuan section) to agree on the content of the Project,” said the representative of the unit that prepared the Pre-Feasibility Study Report for the Investment Project to build and expand the expressway section Ho Chi Minh City - Trung Luong - My Thuan.
Source: https://baodautu.vn/minh-dinh-phuong-an-nang-doi-tuyen-cao-toc-ve-mien-tay-d226872.html
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