The Gia Nghia - Chon Thanh expressway project approved by the National Assembly has a length of 128.8km, with a preliminary total investment of VND 25,540 billion.
Delegates press the button to pass the resolution - Photo: GIA HAN
Total investment 25,540 billion VND
The resolution states the objective of the policy to build a key expressway connecting the Central Highlands with the Southeast region, connecting Binh Phuoc, Dak Nong provinces and other localities in the region with Ho Chi Minh City, creating new space and development momentum for the Central Highlands and the Southeast region. In addition, it will exploit the potential of land use, develop tourism, processing industry, mineral exploitation industry, and gradually restructure the economy of the Central Highlands. The project is about 128.8km long, divided into 5 component projects. Component project 1 is invested in the form of public-private partnership, build-operate-transfer (BOT) contract, applying the investment guarantee mechanism, the mechanism of sharing the reduction in revenue according to the provisions of the law on investment in the form of public-private partnership... The National Assembly encourages the application of high technology in construction organization, adapting to climate change. Implementing the form of automatic non-stop toll collection in exploitation and operation. Preliminary land use demand is about 1,111 hectares. Of which, rice land is about 12 hectares, other agricultural land is about 1,041 hectares, residential land is about 12 hectares; production forest land is about 46 hectares. Clearance of the entire route at once according to the planning scale. Preliminary total investment is 25,540 billion VND, of which central budget capital is 10,536.5 billion VND, local budget capital is 2,233.5 billion VND, capital arranged by investors is 12,770 billion VND. The National Assembly sets the project implementation schedule from 2024, basically completed in 2026, put into operation in 2027. At the same time, it requires the Government to be responsible to the National Assembly in implementing, organizing, managing, exploiting and operating the project in accordance with the resolution...Investment under the PPP method is appropriate.
Before the National Assembly passed and presented the report explaining and revising the resolution, Chairman of the Economic Committee Vu Hong Thanh said that some opinions said that investing in a 2-lane section of the 2km road connecting Gia Nghia - Chon Thanh expressway to Ho Chi Minh road, Chon Thanh - Duc Hoa section, would create a bottleneck in traffic, causing congestion and traffic safety. Therefore, it was proposed to consider investing in the connecting section with a 4-lane scale. In response to the opinions of National Assembly deputies, the Government adjusted the draft resolution in the direction of synchronous investment in the entire project with a complete 4-lane scale. According to Mr. Thanh, many opinions said that the project completion schedule in 2026 was not feasible, and suggested studying and adjusting the project completion time. Taking this opinion into account, the Government has proposed adjusting the project implementation schedule from 2024, basically completing it in 2026, and putting it into operation in 2027 to ensure feasibility. According to Mr. Thanh, many opinions agree with the project investment under the public-private partnership (PPP) method, because the state budget is currently facing many difficulties, mobilizing the private sector to participate in the project will ensure resources for implementation. Regarding some opinions that the ability to attract investors to participate in the implementation of the PPP project in the current period is difficult, the National Assembly Standing Committee stated that in the context of difficult state resources, to meet the urgent needs of the project, investment under the PPP method is appropriate. According to the project's financial plan, if the state budget supports 12,770 billion VND (accounting for 50% of the total investment), the project will ensure the ability to recover capital and profit for investors. Therefore, the Standing Committee of the National Assembly would like to propose that the National Assembly allow the project to be implemented under the PPP method as proposed by the Government, in order to promptly respond to the urgency of the project. However, in the implementation phase of the next steps, it is recommended that the Government study and come up with effective solutions to attract investors to participate in the project.Tuoitre.vn
Source: https://tuoitre.vn/quoc-hoi-dong-y-lam-cao-toc-gia-nghia-chon-thanh-hon-25-000-ti-dong-2024062808422341.htm
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