It is expected to “pour” 161,000 billion into 2 Ring Road projects in Hanoi and Ho Chi Minh City

This morning (June 6), according to the program of the 3rd session, the 15th National Assembly, Minister of Planning and Investment Nguyen Chi Dung, authorized by the Prime Minister, presented a report on investment policy. 4 Ring Road project Hanoi and the Ring Road 3 project in Ho Chi Minh City – the two largest urban transport infrastructure projects deployed in Vietnam.

2 Belt 4 projects – Hanoi capital area and 3 . belt Ho Chi Minh City, the total preliminary capital for phase 1 is 161,000 billion VND

Minister of Planning and Investment Nguyen Chi Dung said that these two projects have the role of linking the region, promoting the development of urbanization, and having great significance for the socio-economic development that has been planned. investment in the period 2011 – 2022.

However, due to various reasons, especially limited resources, it is not possible to deploy in this period.

Up to now, the conditions on legal basis, strategy, planning, plan, practical needs and basic resources have met the requirements, therefore, the implementation of 2 projects in the period of 2021 – 2025 is reasonable and necessary.

Briefly presenting the scope and scale of investment, Minister Dung said, Belt 4 project – Hanoi capital area has a length of 112.8km, including 103.1km of Ring Road 4 and 9.7km of the route connecting Noi Bai – Ha Long highway, passing through Hanoi city (58.2km); Hung Yen (19.3km); Bac Ninh (25.6km long). The Ring Road 3 project in Ho Chi Minh City is 76.34km long, passing through the territory of Ho Chi Minh City (47.51km); Dong Nai (11.26km); Binh Duong (10.76km); Long An (6.81km).

With the above investment scale, the Ring Road 4 project – Hanoi capital area has an occupied land area of ​​about 1,341ha; the cost of land clearance and resettlement is about VND 19,590 billion; The Ring Road 3 project in Ho Chi Minh City is about 642.7ha, the cost of land clearance and resettlement is about 41,589 billion VND, the site clearance is carried out once according to the planning and the site clearance according to the complete scale for the interchanges ( investment phase 1).

About the preliminary total investment, for the Ring Road 4 project – Hanoi capital area, the preliminary total investment in phase 1 is about 85,813 billion VND, using the state budget capital and BOT capital of the investor. project investment. Including: 28,173 billion VND from the central budget; local budget is 28,193 billion VND and BOT capital is 29,447 billion VND.

The preliminary project of Ring Road 3 in Ho Chi Minh City, the total investment of the first phase is about 75,378 billion VND, using the entire state budget capital to invest in the project. Specifically, 38,741 billion dong of the central budget; the local budget is 36,637 billion VND.

Thus, the total preliminary investment in phase 1 of these two ring road super projects is 161,191 billion VND.

The Economic Committee takes care of the capital pool at the 4th Ring and 3 . belt

Presenting the verification report of these two belt projects, Chairman of the Economic Committee of the National Assembly Vu Hong Thanh noted that because the component projects will be assigned to localities for implementation, it may lead to each The organization is different, cannot ensure the uniformity and consistency and may lead to an increase in the total investment of the projects. Therefore, the Economic Committee proposed to assign a competent and experienced agency to carry out the appraisal for component projects of the two projects.

Regarding the mechanism and policy of the Belt 4 project – Hanoi capital area, including allowing state capital to participate up to 66% of the total project investment, the Economic Committee said that the project The project has a very large preliminary total investment, so if it is applied according to Clause 2, Article 69 of the Law on Investment under the PPP method, it will not be feasible in terms of financial options and difficult to attract investors to participate in the investment. project investment. Therefore, the majority of opinions agree with this proposal.

Regarding the mechanism and policies of the Belt 3 project in Ho Chi Minh City, the Economic Committee agreed with the policy that the project, after being completed and put into use, should be organized to collect fees to recover the investment capital for the bank. central budgets and local budgets.

However, the Economic Committee suggested that the Government in the feasibility study step need to accurately determine the percentage of capital contribution to the central and local budgets for the expressway section to serve as a basis for formulating a revenue plan. return investment return budget.