More than 84,000 billion VND to do 3 Southern expressway projects
Total investment is about 84,463 billion VND
Continuing the program of the 3rd session of the 15th National Assembly, on the morning of June 6, the National Assembly listened to the report and inspection report on the investment policy of the Chau Doc – Can Tho expressway construction project – Soc Trang (phase 1); Khanh Hoa – Buon Ma Thuot (phase 1); Bien Hoa – Vung Tau (phase 1).
Minister of Transport Nguyen Van The said that it is urgent to invest in 3 projects early to meet the increasing transportation demand. At the same time, it will solve the traffic infrastructure bottlenecks in the southern key economic region, bring into play the potential and exploit the advantages of the Central Highlands and the Mekong River Delta.
Minister of Transport Nguyen Van The presented the inspection report on investment policy of Chau Doc – Can Tho – Soc Trang expressway construction projects (phase 1); Khanh Hoa – Buon Ma Thuot (phase 1); Bien Hoa – Vung Tau (phase 1)
3 projects contribute to improving the national competitiveness in general and the Central Highlands, South Central Coast, Southeast and Mekong River Delta regions in particular. Creating a premise, motivation and new space for socio-economic development, contributing to national defense and security, hunger eradication and poverty alleviation.
– Bien Hoa – Vung Tau expressway project with a length of 53.7 km through 2 provinces, connecting Bien Hoa city with Cai Mep – Thi Vai seaport; investment in phase 1 with the scale of 4-6 lanes.
– Khanh Hoa – Buon Ma Thuot expressway project is 117.5 km long across 2 provinces, connecting Buon Ma Thuot city with Nam Van Phong seaport; Phase 1 investment with 4 lanes.
– Chau Doc – Can Tho – Soc Trang expressway project is 188.2 km long through 4 provinces/cities, connecting Chau Doc city with Tran De seaport; Phase 1 investment with 4 lanes.
Regarding the form of investment, Minister Nguyen Van The said, for the Bien Hoa – Vung Tau project, the Government proposes to invest in the project in the form of public investment; After being put into operation, fees will be collected to refund the state budget capital.
For projects of Khanh Hoa – Buon Ma Thuot and Chau Doc – Can Tho – Soc Trang, although bringing great socio-economic benefits, the financial plan to recover capital from toll collection is not feasible. The rate of state capital participation exceeds the provisions of law. Therefore, choosing the form of public investment; After completion, fees will be collected to return state budget capital.
The Government has developed a number of specific mechanisms and policies, and if applied, the expected progress of the projects is as follows: investment preparation in 2022, commencement in 2023, basic Bien Hoa – Vung Tau project completed in 2025; Khanh Hoa – Buon Ma Thuot, Chau Doc – Can Tho – Soc Trang projects will basically complete some sections with high traffic volume in 2025 and the whole route in 2026.
According to Mr. Nguyen Van The, the preliminary total investment of the projects is about 84,463 billion VND. Estimated capital demand in the period 2021 – 2025 is about 60,124 billion VND, in the transition period 2026 – 2030 about 24,339 billion VND.
In the two years 2022 and 2023, the Government prioritizes disbursing all funds from the socio-economic recovery and development program and the source of revenue increase and savings from the central budget in 2021.
Consider investment forms of projects
Verification of this content, Chairman of the Economic Committee Vu Hong Thanh said that the investment in these highways will promote socio-economic development of the areas where the expressway passes, helping to increase the ensure national defense and security.
Chairman of the Economic Committee Vu Hong Thanh proposed to review the investment form of projects accordingly
However, some comments suggested that it is necessary to carefully assess the urgency, the ability to allocate resources, and assess the impact of using public investment capital to deploy many infrastructure projects at the same time on inflation. ..
Regarding investment form, the projects of Khanh Hoa – Buon Ma Thuot and Chau Doc – Can Tho – Soc Trang: The Economic Committee found that because these two routes have low traffic volume and long payback period, the investment public-private partnership is not feasible. Therefore, the Government’s proposal to apply the form of public investment is appropriate.
Regarding the Bien Hoa – Vung Tau project, it is recommended to consider continuing to invest in this project under the mode of public-private partnership.
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