BOT projects to renovate and upgrade National Highways 1, 13, 22 and the North-South axis have a total investment of nearly 60,000 billion VND.
The BOT project to upgrade and expand National Highway 1 (from Kinh Duong Vuong Street to the border of Long An province) will be expanded to 10-12 vehicles - Photo: PHUONG NHI
On February 14, the Ho Chi Minh City People's Committee issued decisions to establish a grassroots appraisal council to appraise the pre-feasibility study reports of four BOT projects to upgrade and expand National Highways 1, 13, 22 and the North-South axis.
The establishment of the appraisal council is a new step forward for the four gateway BOT projects implemented from the mechanisms of Resolution 98.
According to the plan, the projects will be submitted to the Ho Chi Minh City People's Council for consideration and approval of investment policies at the February 2025 meeting. After that, the city will conduct surveys, bid to select investors and start construction of the projects this year according to regulations.
According to the pre-feasibility study report, the project to upgrade and expand National Highway 13 (from Binh Trieu Bridge to Vinh Binh Bridge) will be expanded to 60m with 10 lanes, of which 3.2km will be built as an elevated road with 4 lanes.
The project has a total investment of about 21,724 billion VND (budget capital of more than 14,700 billion VND, capital mobilized by investors is about 7,017 billion VND).
National Highway 1 (from Kinh Duong Vuong Street to Long An Province border) will be expanded to 10-12 vehicles. The project has a total investment of more than 16,270 billion VND, of which the budget capital is more than 9,611 billion VND, the remaining 6,659 billion VND is mobilized by investors.
With the project to upgrade and expand National Highway 22 from An Suong intersection to Ho Chi Minh City Ring Road 3, investment will be made to expand it to 10 lanes.
The project has a total investment of about 10,451 billion VND. In this project, the budget capital participates in more than 59% (about 6,234 billion VND), the rest is mobilized by investors.
Finally, the North-South axis upgrade project (from Nguyen Van Linh Street to Ben Luc - Long Thanh Expressway). The project has a total investment of VND9,894 billion, of which the budget capital is more than VND4,679.7 billion (47%), the rest is investor capital.
In the pre-feasibility study report of the projects, the Ho Chi Minh City Department of Transport said that the 4 projects have a very large total investment, nearly 60,000 billion VND.
Therefore, when implemented under the public-private partnership (PPP) method with partial support from the budget, the burden of public investment capital in difficult conditions will be reduced, and financial resources from investors will be mobilized. After the capital recovery period, the project will be transferred to the State.
Investment under the PPP method also takes advantage of the technological strengths and management experience of the private sector.
BOT projects will apply smart toll collection technology .
According to the Ho Chi Minh City Department of Transport, although the project is implemented under the BOT model on existing roads, the toll collection method applies to the main road, not parallel roads. This helps create more choices, avoiding affecting the lives and activities of people in the area.
The projects will apply smart traffic technology, automatic non-stop toll collection (closed toll collection according to length of use), thus ensuring fairness and convenience for service users.
Source: https://tuoitre.vn/tp-hcm-lap-hoi-dong-tham-dinh-4-du-an-bot-cua-ngo-gan-60-000-ti-dong-20250214180522805.htm
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