Separating the State capital portion at Ring Road 4 - Capital Region into an independent sub-project
This is the State budget that will invest in the bridges: Hong Ha, Me So, Hoai Thuong; the section from before the National Highway 6 intersection to the end of the Hanoi - Hai Phong expressway intersection; the 9.7 km connecting section in Bac Ninh province.
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| Perspective of Ring Road 4 Project in the Capital Region. |
The Hanoi People's Committee has just sent an official dispatch to the Prime Minister proposing solutions to remove difficulties and obstacles in the process of organizing the implementation and disbursement of central budget capital for Component Project 3 of the Investment Project to build Ring Road 4 - Hanoi Capital Region.
Accordingly, the Hanoi People's Committee proposed that the Prime Minister report and submit to the National Assembly for permission to implement the Public Investment Sub-project for the State budget capital portion in Component Project 3 as a normal public investment project and to be implemented independently, in parallel and not dependent on the progress and results of selecting investors to implement the remaining part of Component Project 3.
These items include the bridges: Hong Ha, Me So, Hoai Thuong and the sections: from before the National Highway 6 intersection to the end of the Hanoi - Hai Phong expressway intersection, a 9.7 km connecting section in Bac Ninh province.
At the same time, allow the Hanoi People's Committee to assign its affiliated agencies to be the investors to implement public investment sub-projects according to the law on public investment.
In case an investor participates in implementing Component Project 3, the State will use public assets, which are this public investment sub-project, to support the investor in collecting tolls on the entire Ring Road 4 expressway.
The Hanoi People's Committee also proposed a solution for cases where the total investment of component projects changes compared to the preliminary total investment of the approved component project but does not exceed the preliminary total investment of the entire project for which the investment policy has been decided.
Specifically, in case the total investment of the component project decreases, the central budget support portion will be kept the same as in Resolution 56/2022/QH15 on investment policy for the Ring Road 4 Construction Investment Project - Hanoi Capital Region.
In case of increasing the total amount of component projects, localities will balance it themselves with local budget capital.
The Hanoi People's Committee recommends that the competent authority assign the Hanoi People's Committee as the focal agency to review, harmonize, balance, and agree with the Hung Yen Provincial People's Committee and the Bac Ninh Provincial People's Committee on the adjusted figures for increasing or decreasing the total investment of the component projects; the localities shall exercise the authority of the investment decision maker to approve the adjustment of the component projects.
It is known that the current progress of implementing Component Project 1.1 (compensation, support, site clearance) and Component Project 2.1 (construction of parallel roads) basically meets the requirements.
However, the biggest difficulty now is implementing Component Project 3: Investing in the construction of expressways under the PPP method to ensure progress and disbursement of the central capital allocated for the project in 2024 of VND 4,190 billion.
According to the plan, in October 2024, Component Project 3 will approve the issuance of bidding documents; in December 2024, bid opening will be organized (at least 60 days for investors to prepare bidding documents); in January 2025, the following tasks will be completed: technical evaluation, commercial financial evaluation, appraisal, approval of investor selection results; in February 2025, investors will establish a project enterprise and negotiate and sign a BOT contract.
Next, to implement the public investment sub-project according to the law on public investment, the investor needs to carry out the following tasks: complete and approve the design after the basic design; make a plan to select a contractor, submit it to the competent authority for approval and organize the selection of a construction contractor according to the Law on Bidding to start the project, this time requires at least 3 to 6 months.
According to the above progress, by the third quarter of 2025 at the earliest, there will be enough basis to advance and pay the State budget capital to investors.
In addition, if the investor selection time is prolonged due to force majeure factors such as: no investors participating in the bidding, need to extend the bidding period, the above difficulties are not resolved promptly, etc., the disbursement of public investment capital will be difficult.
In addition, the parallel road component projects (Component Project Group 2) are currently being accelerated to ensure completion by the end of 2025 as directed by the Prime Minister.
Thus, after the parallel road system is expected to be completed in 2025, it is still not possible to connect the entire route because major bridges such as Hong Ha Bridge, Me So Bridge (over the Red River), Hoai Thuong Bridge (over the Duong River) belonging to the public investment sub-project in Component Project 3 have not been completed, reducing investment efficiency.
Hanoi People's Committee said that with the above implementation status and difficulties, the implementation of the Public Investment Sub-project in Component Project 3 as a normal public investment project, because it is implemented independently, not depending on the progress and results of investor selection, will resolve difficulties and obstacles and speed up the implementation progress and disbursement of State budget capital.
In case the investor is selected to implement the remaining part of Component Project 3, the State will use public assets as the Public Investment Sub-project to support the Investor in collecting tolls on the entire Ring Road 4 expressway.
“In case the Investor has not been selected, after the completion of the public investment sub-project, the entire parallel road system will be connected, and the State can implement toll collection for the expressway invested in and built with State budget capital,” analyzed the Hanoi People's Committee.
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