Real estate “big man” series Him Lam, DIC… want to participate in the construction of Ring Road 4 of the Capital Region
Many real estate “big guys” propose to build roads
Recently, the National Assembly had a session to discuss the investment policy of the 4th Ring Road Project in Hanoi. The Ring Road 4 project in the Hanoi Capital region has a total length of about 112.8 km (including 103.1 km of the Ring 4 road and 9.7 km of the route connecting the Noi Bai-Ha Long expressway) through the territory. Hanoi (58.2 km long), Hung Yen (19.3 km long), Bac Ninh (25.6 km long and 9.7 km connecting route).
Due to the large total capital, the Ring Road 4 project in Hanoi capital has a form of public investment combined with PPP investment, in order to mobilize private capital.
The project is divided into 7 projects into separate site clearance and road construction. Preliminary total investment in the investment divergence phase (phase 1) with the Ring Road 4 project – Hanoi Capital Region is about VND 85,813 billion, of which, including the state budget of VND 28,173 billion; local budget 28,193 billion dong; BOT capital 29,447 billion VND
In a report sent to the National Assembly, the Hanoi People’s Committee said that it has received proposals from very potential investors who want to participate in the project implementation such as: Vingroup – JSC (the proposed investor). project); T&T Group; Him Lam Group; DIC Joint Stock Company…
The report states that all investors have a strong commitment to mobilizing investors’ capital in the market and affirming the feasibility of the project if the investment policy is approved by the National Assembly.
The report of the Hanoi People’s Committee cited the conditions of the enterprise that proposed to participate, which is Vingroup Corporation – JSC. Specifically, according to the financial statements of Vingroup – an audited joint stock company as of June 30, 2021, the Group has equity: VND 80,136 billion, long-term debt: VND 65,663 billion, assets long-term: 123,310 billion VND. The group’s ability to balance long-term capital for investment until June 30, 2021 is VND 22,489 billion, which is larger than the investor’s contributed capital of VND 4,417 billion. Thus, the project enterprise’s ability to raise capital is guaranteed.
The Hanoi People’s Committee said that the assessment of the investor’s financial capacity will be further evaluated in detail at the bidding step to select the investor to implement the project.
Regarding the implementation progress, because the project has a part of building the expressway system under the mode of public-private partnership, the type of BOT contract, the implementation progress of the investor can be shortened, regardless of the project schedule. depends on the implementation portion of the state budget capital. Accordingly, investors can actively implement and complete earlier (from 2024-2026) compared to the investment part with budget capital and take initiative in the disbursement schedule. As for the budget capital, a number of items will be completed in early 2027 and the interest in this period is calculated during the operation phase.
Urban areas along the Ring 4 will benefit
The Ring 4 – Capital Region project is designed with the core of the expressway being a road for motor vehicles, with a divider separating the road for two-way vehicles; do not intersect at the same level with one or other roads and only allow vehicles to enter and exit at certain points. This design aims to invest in the construction of parallel roads, which must go hand in hand with the function of collecting and leading vehicles on the highway, both serving the development of urban space, industrial parks, exploiting the two-way land fund. side street.
Thus, in the future, urban areas along the route will build sidewalks and synchronous technical infrastructure systems to connect with urban areas along the route into the approved provincial planning. Urban areas will attract investors, effectively promote the land fund on both sides of the route, contributing to creating investment resources.
Regarding the urban areas located along the Ring Road 4 to benefit, delegate Le Thanh Van, Ca Mau delegation said, when there is a highway, there will be urban projects, industrial parks, even rentals. “according to” premises should be calculated and planned quickly.
Delegates proposed approving the project in parallel with the Government’s planning tasks, determining that the State’s investment not only guides the way but also creates a difference.
Delegate Le Thanh Van suggested that the Government should immediately implement it, because otherwise, after the project is completed or started, new projects will be established, the land acquisition and land price determination will be very complicated.
According to this delegate, in fact, real estate giants begin to make money from completed projects or even more slowly, when the project starts to operate effectively, traffic density is greater, agents New real estate investors jump in, make additional planning of residential areas, industrial parks or lease premises. At that time, the victims are not only the people but also the State. Therefore, it is necessary to go ahead, setting up parallelism not only solves many socio-economic problems but also has a source for quick recovery, not only leasing, selling taxes, collecting fees…
According to a delegate from the Ca Mau delegation, if traffic projects are built at the same time as other projects are planned, the difference in the amount of money collected from land use and land rent is not small, even sometimes there is enough money left to work. roads, especially urban road projects.
at Blogtuan.info – Source: cafebiz.vn – Read the original article here
