Investment in construction of Gia Nghia - Chon Thanh expressway 25,540 billion VND; Long Son Petrochemical Complex 5.4 billion USD about to operate
Implementing investment in the construction of Gia Nghia - Chon Thanh expressway, with a total investment of 25,540 billion VND; Long Son Petrochemical Complex with a capital of 5.4 billion USD will be put into commercial operation in October 2024...
Those were two of the investment news stories of the past week.
Long Son Petrochemical Complex with capital of 5.4 billion USD will be commercially operated in October 2024
In the recent announcement of business results for the second quarter and first half of 2024, Siam Cement Group (SCG, Thailand) said that in August and September 2024, it will conduct a trial operation of the entire Long Son Petrochemical Complex so that it can operate commercially in October 2024.
 |
| Long Son Petrochemical Complex has been operating at 100% capacity since November 2023, but has been temporarily suspended due to an incident. |
The level of activity of the Complex will be based on global market demand.
Previously, LSP said that the entire Long Son Petrochemical Complex had been running a trial run at 100% capacity since November 2023 and was expected to be commercially operational in the second quarter of 2024.
However, on March 22, 2024, SCG said that the Long Son Petrochemical Complex encountered an unexpected technical problem during the test run. The complex has stopped operating from March to June 2024 to conduct maintenance, modifications, and enhance operational and operational standards.
Long Son Petrochemical Complex was granted an investment certificate in July 2008, with an initial total investment capital of 3.77 billion USD, then increased to 4.5 billion USD and increased to 5.4 billion USD in the final phase.
The complex is invested by Long Son Petrochemical Company Limited (LSP) - a subsidiary 100% owned by SCG Chemical (SCGC).
This is the first and largest fully integrated petrochemical complex in Vietnam with a land area of 464 hectares and a water surface area of 194 hectares (for the seaport system). This is also the only project with an investment capital of over 1 billion USD from Thailand in Vietnam.
When operating stably at full capacity, the complex will produce 1.35 million tons of olefin products per year, which are raw materials for polyolefin (plastic resin) factories. And the polyolefin plant will produce essential plastic resins with a capacity of 1.4 million tons/year.
According to SCG's announcement, the Group's profit in the second quarter of 2024 was 3,708 million Baht (more than 2,600 billion VND), down 54% over the same period. However, if excluding extraordinary income, the profit only decreased by 29%.
Accumulated in the first 6 months of the year, SCG's profit was 6,133 million Baht (more than 4,300 billion VND), down 75% year-on-year and down 37% year-on-year if excluding extraordinary income.
The report also mentioned that the loss up to the end of the first half of 2024 at Long Son Petrochemical Complex is 4,814 million Baht (including depreciation and interest expenses), equivalent to about 3,390 billion VND.
The fact that Long Son Petrochemical Complex is not yet operational has made SCG's chemical segment the only loss-making business segment of the Group.
LSP currently has outstanding loans with three leading financial institutions in the amount of approximately $1.3 billion and outstanding shareholder loans in the amount of approximately $1.3 billion.
The Long Son Petrochemical Complex project also has depreciation and interest costs in 2024 ranging from 180 - 220 million USD.
Proposing the Prime Minister to approve the Ca Mau airport upgrade project worth 2,400 billion VND
The Ministry of Planning and Investment has just issued Official Letter No. 5840/BC – BKHĐT to the Prime Minister reporting the results of the appraisal of the investment policy for the project to expand and upgrade Ca Mau Airport, Ca Mau Province. This is a project proposed by ACV.
 |
| Existing Ca Mau airport. Photo: ACV |
Based on the appraisal opinions of relevant ministries and localities; the dossier requesting approval of the investment policy of the Project proposed by the investor; and the explanation and additional opinions of ACV, the Ministry of Planning and Investment affirms that the Project has met the conditions to report to the Prime Minister for consideration and approval of the investment policy according to the provisions of the law on investment.
Accordingly, the Ministry of Planning and Investment proposed that the Prime Minister consider and approve the investment policy of the Ca Mau Airport expansion and upgrade project with the goal of expanding and upgrading Ca Mau Airport to ensure the exploitation of A320, A321 and equivalent aircraft; creating momentum for economic, cultural and social development, while ensuring national security and defense of Ca Mau province and the region.
The project includes the construction of a new runway measuring 2,400m×45m, ensuring the operation of A320, A321 and equivalent aircraft; construction of a taxiway connecting the runway to the aircraft parking lot measuring 128mx15m, with 5m material margins on each side and 5 waiting taxiways; construction of an aircraft parking lot in the southern area measuring 182m×112.5m, with 5m wide material margins, meeting the operation of 3 parking positions for A320, A321 and equivalent.
Another important item of the Project is the renovation and expansion of the existing passenger terminal to a capacity of 500,000 passengers/year (ensuring the operation of 1 million passengers/year when needed). The construction area of the passenger terminal is about 2,668m2, the total construction floor area is about 4,200m2, 2 floors, the height of the building is about 9.5m.
In addition, the Project also constructs a number of other synchronous auxiliary works such as traffic roads connecting the new aircraft parking lot to the passenger terminal, the school's outhouse, the fire emergency station, the security fence system, the synchronous belt road, etc.
With the above investment scale, the total investment capital to implement the Project is about 2,400 billion VND, using 100% of ACV's equity.
The project implementation progress is 18 months from the date of investment policy approval; the project's operating period is 50 years; investment incentives and support are implemented in accordance with current laws.
The Ministry of Planning and Investment recommends that the People's Committee of Ca Mau province allocate land according to the planning, land use plan and airport planning approved by competent state agencies to the Airport Authority so that the Airport Authority can allocate land/lease land to implement the Project according to the provisions of Article 156 of the 2013 Land Law.
At the same time, inspect and supervise the implementation of the Project by ACV in accordance with the provisions of law, the Prime Minister's instructions and the opinions of relevant ministries and branches, including: inspecting and supervising the capital mobilization of ACV according to the progress of the Project implementation.
The Ministry of Transport is responsible for coordinating and guiding ACV in reviewing and completing the Project dossier in the step of preparing the Project Feasibility Study Report, ensuring safe flight methods, maximizing the role and efficiency of the Project investment; directing and guiding ACV on the handling plan for existing airport infrastructure assets invested and managed by the State at Ca Mau Airport, ensuring compliance with the provisions of the Law on Management and Use of Public Assets.
ACV is assigned full responsibility for the information, reported data, proposed content in the Project dossier and related supplementary reports; the financial investment efficiency of the Project; the efficiency of using, preserving and developing state capital according to the provisions of law.
Investors are also required to accept and implement the appraisal opinions of the Ministry of Planning and Investment in the Project Investment Policy Appraisal Report and the appraisal opinions of relevant Ministries and localities; organize the preparation, appraisal and approval of the Project Feasibility Study Report in accordance with current regulations.
Proposal for construction of Quy Nhon - Pleiku expressway worth 37,621 billion VND
Gia Lai Department of Transport has just sent a document to the Ministry of Transport regarding the review and update of the proposed investment plan for the construction of the Quy Nhon - Pleiku expressway.
Accordingly, Gia Lai Department of Transport proposed that the Ministry of Transport consider reporting to the Prime Minister for approval to allow investment in the Quy Nhon - Pleiku expressway in the form of public investment.
 |
| Illustration |
This project will start at the intersection with National Highway 19B (about Km39+200) in Nhon My commune, An Nhon town, Binh Dinh province; end at the intersection with Ho Chi Minh road (National Highway 14), in Pleiku city, Gia Lai province with a total route length of 122.9 km.
Gia Lai Department of Transport proposed to invest in the Project according to the planning scale of 4 lanes, with a total estimated investment of about 37,621 billion VND. It is expected that the project will be prepared for investment from 2024-2025; basic construction will be completed before 2030.
Regarding implementation, Gia Lai Department of Transport proposed that the Ministry of Transport be the competent authority to implement the project; the People's Committee of each province shall carry out site clearance work according to administrative boundaries.
In a document sent to the Ministry of Transport, the Gia Lai Department of Transport said that it had coordinated with the Binh Dinh Department of Transport and the Binh Dinh Provincial Transport Project Management Board to review the contents consulted by the functional units of the Ministry of Transport.
After reviewing and researching, the route through Binh Dinh province has some adjustments in terms of starting point and route direction to suit the planning of communes and wards, ensuring space for urban development, inner and outer areas of An Nhon town.
Specifically, the length of the route through Binh Dinh province is about 37.3 km (a reduction of about 20.2 km), passing through An Nhon town (Nhon My commune) and Tay Son district (Tay An, Tay Binh, Binh Hoa, Binh Thanh, Binh Tuong and Tay Giang communes).
Regarding the adjusted interchange, on the route through Binh Dinh province, it is planned to arrange 3 interchanges, including the interchange with National Highway 19B (approximately Km39+200) (Nhon My commune, An Nhon town); the interchange with the North-South expressway in the East (Tay An commune, Tay Son district) and the interchange with National Highway 19 (Binh Tuong commune, Tay Son district).
Gia Lai Department of Transport plans to divide the Project into 3 sections. Section 1 starts from the starting point (Km0+000) to An Khe tunnel (Km39+300) with a length of 39.3 km, located entirely in Binh Dinh province. Section 2 starts from An Khe tunnel (Km39+300) to the end of Mang Yang tunnel (Km79+700) with a length of about 40 km, located entirely in Gia Lai province. Section 3 starts from Km 9+00 to the end of the route (Km122+900) with a length of about 43.2 km, located entirely in Gia Lai province.
The results of research and preliminary calculations of the Project's financial plan show that, with the scenario of the maximum state support capital level of 50% of the total investment according to the provisions of the PPP Law, the Project does not ensure financial efficiency according to regulations.
In order for the Project to be financially efficient and have a payback period of less than 20 years, if divided into component projects, the State capital needed to support the Project should account for 75% to 85%.
However, this level of support capital is very large, not effective when investing under the PPP method and the policy of state capital plays the role of "seed capital" to attract socialized capital sources to participate in infrastructure investment; at the same time, it is necessary to develop a special mechanism different from the provisions of the PPP Law.
Besides, the implementation of investment projects under the PPP method in the current context cannot be confirmed to be successful because it still depends on the market, especially the ability to mobilize loans from credit institutions.
Referring to the Khanh Hoa - Buon Ma Thuot Expressway Project Phase 1, which is currently being implemented in the form of public investment, during the initial implementation process, the Ministry of Transport also studied investment in the form of public-private partnership (PPP), but for the Project to be financially efficient and have a payback period of 22 years, 18 years and 15 years, the level of state capital needed to support the Project accounts for 82% to 87% of the total investment.
In addition, survey data shows that the traffic volume of the Quy Nhon – Pleiku Expressway Project is only about 60 – 75% compared to the traffic volume surveyed at the Khanh Hoa – Buon Ma Thuot Expressway Project, so investment in the form of PPP is ineffective and difficult to be feasible.
Construction of Ring Road 4 - Capital Region reaches 9.9% of volume, capital 12,600 billion VND
That is the information provided by the Hanoi Statistics Office in a report on the implementation of a number of key traffic projects in the capital on July 29.
According to the Hanoi Statistics Office, the Ring Road 4 - Capital Region project is being actively implemented by localities, handing over land for construction of the entire project. Up to this point, the total investment capital for the project is about 12,600 billion VND, the construction progress has reached 9.9% of the volume.
The Ring Road 1 project, Hoang Cau - Voi Phuc section (phase 1) is 2.3 km long, with a cross-section of 50 m. The starting point of the route intersects with Cat Linh - La Thanh - Yen Lang road at Hoang Cau (Dong Da district) and the end point is at Voi Phuc intersection (Ba Dinh district). The investment level of phase 1 of the project is more than 7,200 billion VND from the city budget, of which the construction cost is 627 billion VND, the site clearance cost is 5,800 billion VND. To date, the project has disbursed 34.1% of the capital plan.
The project to renovate and upgrade National Highway 6 from Ba La intersection (Ha Dong district) to Xuan Mai town (Chuong My district) is 21.7 km long. This section will be upgraded to 4-6 lanes, designed speed of 80 km/h, roadbed width will be expanded to 50-60 m, contributing to completing the radial road connecting National Highway 21A, Ho Chi Minh road and Ring Road 4 - Capital Region. The total investment capital of the project is 8,100 billion VND from the city budget. To date, the project has disbursed 7.7% of the capital plan.
Meanwhile, the Thang Long Highway, the section connecting National Highway 21 to the Hanoi - Hoa Binh Expressway, is 6.7 km long, with a cross-section of 120 - 180 m. The total investment for the entire project is VND5,200 billion. To date, the project has disbursed 7.7% of the capital plan.
Kien Giang was transferred 48.84 hectares of rice land to implement the project of investing in building a water supply system.
In Official Dispatch No. 555/TTg-NN, Deputy Prime Minister Tran Hong Ha approved the People's Committee of Kien Giang province to decide to change the purpose of use of 48.84 hectares of rice-growing land to non-agricultural land to implement the Investment Project to build an inter-district raw water supply system of An Bien, An Minh, U Minh Thuong, Vinh Thuan, phase 1.
 |
| Changing land use purpose to build inter-district water supply system in U Minh Thuong region. (Illustration photo) |
The Deputy Prime Minister requested the People's Committee of Kien Giang province to be responsible for the content and data of the report, organize inspection and review of the current status of land use to ensure consistency in records and field, ensure the rice land quota allocated by the Prime Minister; take full responsibility before the law and the Prime Minister for the decision to change the purpose of rice land use to ensure compliance with the provisions of the law on land, the law on investment and other relevant laws;
Kien Giang province must ensure economical and effective land use, avoiding loss and waste; be responsible for inspecting and supervising the separation and use of topsoil in accordance with the provisions of law; regularly inspect and resolve difficulties and problems in the process of organizing the implementation of land use conversion for rice cultivation in accordance with the provisions of law.
Investment project to build an inter-district raw water supply system of An Bien, An Minh, U Minh Thuong, Vinh Thuan with a total investment of more than 881 billion VND, implemented in the period of 2022 - 2025.
The scale of the investment project to build an inter-district raw water supply system, a water transmission pipeline with a capacity of 30,000 m³/day and night, including a collection facility, a storage tank, a raw water pumping station, ground leveling, a gate and fence; an operation management house; a generator house; and a 22KV medium voltage power line.
The total length of the water transmission pipeline system is about 97km, including: the main water transmission pipeline is 22km long, with a maximum capacity of 45,000 m³/day and night; the additional auxiliary pipeline connecting to 9 existing water supply stations is about 75km long.
Raw water reservoir of 900,000 m³, lake area of 30ha. Construction of 2 pumping stations, including booster pump station 1 with capacity of 1,000 m³/h, booster pump station 2 with capacity of 500 m³/h; tank, fence gate, management house, generator house, 22KV medium voltage power line...
The implementation of the investment project to build an inter-district raw water supply system of An Bien, An Minh, U Minh Thuong and Vinh Thuan in the U Minh Thuong region aims to supply water to existing stations, gradually replace underground water sources and supplement a part of clean water for residential areas and industrial clusters of the districts.
At the same time, provide a water source that is guaranteed in quality, not polluted, not contaminated with alum, not contaminated with salt and hygienic, increase the rate of households using clean water according to the national target program on new rural construction.
When the project is completed and put into operation, it will provide people and water users in the Upper U Minh area with a source of water for daily life and production, ensuring quantity and quality, overcoming the shortage of water for daily life in the dry season, contributing to improving the lives and health of the people. Thereby, the project contributes to promoting the socio-economic development of the locality, minimizing social costs due to diseases related to water sources.
Can Tho determined to achieve public investment disbursement rate of over 95% in 2024
At the press conference, providing information on the socio-economic situation in the first 6 months of 2024, Permanent Vice Chairman of Can Tho City People's Committee Duong Tan Hien said that the city's economic growth rate is on an upward trend, in the first quarter of 2024, GRDP increased by 3.13%, in the second quarter it was 6.74% and the estimated GRDP in the first 6 months of the year increased by 5.73% over the same period.
Some economic sectors and fields increased significantly compared to the same period: Total retail sales of goods and service revenue increased by an estimated 11.26%; industrial production index increased by 6.08%; export turnover of goods and service revenue was estimated at over 1.15 billion USD, up 7.12%; visitors and tourists increased by 11%; State budget revenue according to the agreed target reached over 5,900 billion VND, up 15.61%; banking activities continued to grow with total outstanding loans reaching 162 trillion VND, up 3.55% compared to the beginning of the year.
However, besides the positive aspects, the economic growth rate of Can Tho City has not met the requirements according to the plan; the progress of completing the plan of some sectors and fields is still low (attracting non-budgetary investment, disbursement rate of investment capital, etc.); production and business activities of enterprises still face many difficulties, orders decrease, prices of materials and input materials tend to increase, etc.
The Vice Chairman of the People's Committee of Can Tho City emphasized: “In 2024, the city sets an economic growth target of 7.5 - 8%. Identifying many difficulties and challenges, in the third quarter of 2024, the city will focus on implementing drastic solutions to boost economic growth, focusing on the three growth drivers of "investment, consumption and export". Directing to accelerate the progress of works and public investment projects, determined to achieve a disbursement rate of public investment capital in 2024 of over 95%; continuing to promote administrative reform, focusing on improving the investment environment, enhancing competitiveness, promoting investment attraction from economic sectors, along with increasing support, removing difficulties, and making recommendations for businesses...".
In addition, according to Mr. Duong Tan Hien, the city is interested in supporting and coordinating the implementation of non-budget capital projects such as: O Mon Thermal Power Plant II, III and IV; expressway projects through the city; VSIP Can Tho Industrial Park project, Aeon Mall project, Microprocessor Research Center and Electronic Microchip Factory...; focusing on effectively implementing the tasks in Decision No. 589/QD-TTg of the Prime Minister promulgating the Plan to implement the Can Tho City Planning for the period 2021 - 2030, with a vision to 2050...
Nghe An approves the project of Cua Lo deep-water port with capital of 7,325 billion VND
At the regular meeting held in July 2024, the Standing Committee of Nghe An Provincial Party Committee agreed on the policy of adjusting the Cua Lo Deep-water Port Construction and Operation Project.
 |
| Cua Lo deep-water port project was adjusted to 3 berths with a total investment of nearly 7,325 billion VND. |
Accordingly, the province will adjust the scale of the project as follows: build 03 berths (including 2 berths for ships up to 50,000 DWT and 1 berth for ships up to 100,000 DWT), with a total berth length of 800m, along with a port rear area of 32 hectares and ancillary works such as: 1,550m long breakwater, connecting bridge from the bridge to the berth, shipping channel, ship turning and docking area.
The land area used for the port rear area is about 32 hectares of land. The water surface area is about 208.15 hectares for the construction of offshore port works including: Dock, breakwater, bridge connecting the bridge to the dock; turning area, ship anchorage and shipping channel.
The total investment capital for the project is about 7,325 billion VND. The investment is divided into 2 phases: Investment capital for phase 1 (2024-2028) is 5,250.804 billion VND; Investment capital for phase 2 (2029-2030) is 2,074.152 billion VND.
Project implementation progress from Q2/2024 to Q4/2024, completing procedures according to legal regulations. Phase 1, starting from wharf No. 06 and wharf No. 07 (50,000 DWT), building 1,200m of breakwater, connecting bridge No. 01, shipping channel and maritime support, road, architectural works and accompanying infrastructure; implementation period from 2024 -2028.
Phase 2, investing in wharf No. 05 (100,000 DWT), building 350m of breakwater, connecting bridge No. 02, beach road, architectural works and accompanying technical infrastructure; implementation period from 2029 - 2030.
Emphasizing that this is a key project of the province, Nghe An Provincial Party Secretary Thai Thanh Quy requested departments and branches to focus on implementing the project.
It is known that Cua Lo Deep Water Port is an important transport system connecting the national transport network passing through Nghe An province such as: Vinh International Airport, Hanoi - Ho Chi Minh City railway, National Highway 1A, coastal road, National Highway 7C..., is the logistics hub of the region and the shortest gateway to the sea on the East - West economic corridor, serving the transportation and reception of goods for Laos and the Northeast region of Thailand.
However, Cua Lo Deep Water Port infrastructure cannot receive ships with a capacity of over 50,000 DWT... Most of the goods from Nghe An must go through Nghi Son, Vung Ang, and Hai Phong ports.
Therefore, this Project is implemented with the expectation of ensuring the synchronization of the traffic infrastructure system connecting Cua Lo deep-water ports with the foreign traffic network via National Highway 7C (Road D4), serving large-scale sea freight traffic, ensuring the synchronization of infrastructure to implement the Cua Lo Deep-water Port Investment, Construction and Business Project, creating an attractive and effective investment attraction environment.
Implementing investment in construction of Gia Nghia - Chon Thanh expressway, total investment of 25,540 billion VND
The Government Office has document No. 5390/VPCP-CN conveying the opinion of Deputy Prime Minister Tran Hong Ha on the implementation of the National Assembly's Resolution on the investment policy for the North-South Expressway construction project in the West, Gia Nghia - Chon Thanh section.
Specifically, Deputy Prime Minister Tran Hong Ha assigned the Ministry of Transport to preside over and coordinate with the People's Committee of Binh Phuoc province and relevant ministries and branches to draft a Resolution of the Government to implement Resolution No. 138/2024/QH15 dated June 28, 2024 of the National Assembly on the investment policy of the North-South Expressway Construction Investment Project, Western section Gia Nghia (Dak Nong) - Chon Thanh (Binh Phuoc), to submit to the Government before August 5, 2024.
 |
| Construction of the North-South Expressway in the West, Gia Nghia - Chon Thanh section, creates new development momentum for the Central Highlands and the Southeast region. (Illustration photo) |
According to Resolution No. 138/2024/QH15, the North-South Expressway Construction Investment Project, Western section, Gia Nghia (Dak Nong) - Chon Thanh (Binh Phuoc) has an investment scope of about 128.8 km, divided into 05 component projects. The preliminary total investment of the Project is 25,540 billion VND, including: Central budget capital is 10,536.5 billion VND; local budget capital is 2,233.5 billion VND; capital arranged by investors is 12,770 billion VND.
The project will be implemented from 2024, basically completed in 2026, and put into operation in 2027.
The project aims to build a key expressway connecting the Central Highlands with the Southeast region, connecting Binh Phuoc, Dak Nong provinces and other localities in the region with Ho Chi Minh City, creating new space and development momentum for the Central Highlands and the Southeast region; exploiting land use potential, developing tourism, processing industry, mineral exploitation industry, gradually restructuring the Central Highlands economy; contributing to the successful implementation of socio-economic development goals and tasks, ensuring national defense and security in the Central Highlands, the Southeast region and the country according to the Resolution of the 13th National Congress of the Party and the Resolutions of the Politburo.
Nhon Metro - Hanoi Station is granted System Safety Certificate
The Hanoi Urban Railway Project Management Board (MRB) said that on July 31, this unit worked with the State Inspection Council on construction work acceptance to review and approve the results of the project completion acceptance.
MRB will continue to work to ensure that every final step is completed safely, efficiently and in accordance with regulations.
Previously, on July 30, the elevated section of the Hanoi Pilot Urban Railway Project, Nhon - Hanoi Station section (Nhon - Hanoi Station metro) was officially granted a system safety certificate, a certificate confirming that the urban railway line was designed and constructed in accordance with safety management standards and meets operational safety conditions.
The Vietnam Railway Department-Ministry of Transport has issued a certificate of safety evaluation of urban railway system No. 356/2024/GCN-CDSVN dated July 30, 2024.
System safety certificate is a mandatory requirement, under a prerequisite for an urban railway project into commercial operation.
On July 29, the Ministry of Natural Resources and Environment also granted environmental licenses No. 276/GPMT-BTNMT to MRB (investor) and Hanoi Railway Company Limited (operating unit) to carry out the environmental protection activities of the high section of the project "The pilot urban railway in Hanoi, Hanoi Station-Hanoi Station" in districts: Nam Tu Liem, Bac Tu Liem, Ba Dinh Cau Liem, Ba Dinh Cau Liem, Ba Dinh Cau Liem, Ba Dinh Cau Liem. Hanoi.
The project has criteria such as group A project (classified according to the criteria of law on public investment) and has environmental criteria such as Group I projects in accordance with the Law on Environmental Protection. The deadline for the license is 7 years.
The achievement of environmental licenses and system safety certification is an important milestone, marking the completion of technical requirements and safety standards in the process of construction and operation of the city's pilot urban railway. Hanoi, Nhon - Hanoi Station.
This is considered a big step towards officially bringing the elevated section of the Nhon - Hanoi station to exploit commercial.
The Hanoi Urban Railway Project Management Board said that it would soon be informed about the official time to operate the commercial commercial section on the Metro Nhon - Hanoi Station.
Quarter IV/2024, Can Tho will start the project to expand 5 intersections, capital of nearly VND 1,200 billion
According to the Department of Transport of Ho Chi Minh City. Can Tho, up to now, the Project Management Board and Development of the Land Fund of Ninh Kieu District has approved the results of the selection of design contractors to design design - Estimating the renovation project, expanding 5 key intersections in Ninh Kieu district, Ho Chi Minh City. Can Tho.
This is one of the key projects of the city. Can Tho, with a total investment of VND 1,196 billion, from the state budget capital, invested by the Project Management Board and Development of the Land Fund of Ninh Kieu District. The project has completed the inventory of houses and architectural objects, expected to deploy the construction of intersections No. 1 and 4 in the fourth quarter/2024.
 |
| The intersection between Mau Than Street - February 3 Street, Ninh Kieu District is often congested traffic during rush hour. |
Investment project to renovate and expand 5 key intersections in the city. Can Tho was approved in Decision No. 2791/QD-UBND, November 23, 2023 of the City People's Committee. Can Tho.
Project investment objectives to expand and build intersections within the project scope to meet current and future traffic requirements, minimize traffic congestion; building modern intersections, contributing to improving urban beauty; gradually improve the transport network and technical infrastructure of the city according to the approved plan, contributing to the socio -economic development of Ninh Kieu district in particular and the city. Can Tho in general.
The project is divided into 2 stages. In particular, phase 1 expand the intersection at the same level, control by signal lights, arrange the right turning branches independently. Investment items include renovating and expanding 5 intersections, sidewalks, trees, public lighting systems, rainwater drainage systems, fire protection systems, traffic signals.
Phase 2, in the future, consider arranging overpass or tunnel works according to traffic needs.
The five intersections were renovated and expanded, including: Node 1 (Mau Than Street - February 3 - Tran Hung Dao); node 2 (Mau Than Street - Nguyen Van Cu - Vo Van Kiet); node 3 (Nguyen Van Linh - Nguyen Van Cu street); Node 4 (Nguyen Van Linh - February 3) and node 5 (Nguyen Van Linh Street - April 30).
According to the approval decision, the project implementation time does not exceed 4 years. In 2023 - 2024, prioritizing the two intersections with high traffic, often traffic congestion including: button No. 1 (intersection of Mau Than Street - February 3 - Tran Hung Dao) and button No. 4 (intersection of Nguyen Van Linh - February 3).
In 2025, implement the next contents in accordance with the regulations, when necessary, the project adjustment submission accordingly.
Da Nang with additional land nearly 10 hectares to serve Hoa Lien - Tuy Loan highway
At the 19th session, Session X, City People's Council. Da Nang has passed the Resolution of the list of works and projects that need to recover additional land in 2024 of Da Nang city with a total of 23 projects with a total area of more than 116 hectares, including the expected land area of additional land acquisition in 2024 to more than 43.6 hectares. In particular, two projects need additional land acquisition in 2024 for the Hoa Lien - Tuy Loan highway project in Hoa Vang district.
 |
| The Hoa Lien - Tuy Loan highway project is under construction. |
Specifically, Da Nang recovered 2,429 m2 of land (the entire area of the project) in Hoa Son commune to serve the 220kV high -voltage movement project to serve the project of building Hoa Lien - Tuy Loan highway on the North -South highway in the East (expected capital plan in 2024 is 32.04 billion VND).
Next, the city recovered the land area of 97,295 m2 in Hoa Nhon commune (the total project land area was 109,286 m2) to serve the No. 1 resettlement project for the clearance of the Hoa Lien - Tuy Loan highway construction project (expected annual capital plan of 217,748 billion VND). This is a project approved in Resolution No. 32/NQHĐND, on 12/8/2021, so far it has been over 3 years but has not been completed, so it continues to be asked to be included in the list of projects to be recovered.
Regarding the Hoa Lien - Tuy Loan highway project, the City People's Committee. Da Nang said that the project has a total length of about 11.5 km, passing through 3 communes of Hoa Lien, Hoa Son and Hoa Nhon in Hoa Vang district; Project implementation time in 2021-2025.
The total investment is VND 2,112,985 billion from the state budget. In particular, the cost of site clearance compensation included provision was VND 951,190 billion (the cost of construction of resettlement area was VND 105,177 billion and relocating the power line VND 81 billion). The investor of the site clearance sub -project is the Management Board of the Da Nang Industrial and Industrial Zone Infrastructure Development Project (referred to the Management Board).
The site clearance progress, as of June 28, 2024, tallyed 1,207/1,216 records and tallyed 2,758 graves; Legal review meeting 1,043/1,216 records and pressure price 952 records.
Da Nang paid and handed over 832 records, handed over 2,450 graves; The total value of price pressure and compensation approval is VND 119,389 billion, paid VND 51,906 billion.
By the end of June 2024, the Management Board is completing the investment preparation procedures to submit the appraisal and approval of the No. 1 resettlement area project to clear the project of building the Hoa Lien - Tuy Loan highway (belonging to the North - South Expressway in the East, Da Nang City); are implementing related procedures to organize the relocation of technical infrastructure of high -voltage transmission line 220kV, 500kV ...
City People's Committee. Da Nang also informed that for the resettlement arrangement, it will complete the appraisal and approval of the construction drawing design of the No. 1 resettlement project and deployed construction and installation bidding for construction and construction in the third quarter of 2024; Expected to hand over the actual land to allocate resettlement phase 1 to the project in May 2025, handed over each batch according to the schedule of resettlement land arrangement and completed all in 2025.
Thua Thien Hue invests 506 billion VND in trade center and furniture supermarket
The People's Committee of Thua Thien Hue province has just approved the investment policy for the project of a trade center and supermarket for construction materials and high-end interiors at DV22-2 land plot in Area C - An Van Duong New Urban Area.
Accordingly, the project has the form of selecting investors through bidding organization to select investors as prescribed.
 |
| An Van Duong new urban area, Thua Thien Hue province. |
The total investment of the project is 506 billion VND; of which, the preliminary total cost of project implementation is 500 billion VND; the preliminary cost of compensation, support and resettlement is 5.69 billion VND.
The project is implemented at DV22-2 land area, An Van Duong new urban area and in Phu My commune, Phu Vang district, Thua Thien Hue province.
The project has a target of operating to form a commercial center - supermarket of construction materials and high -class furniture in An Van Duong new urban area; diversify the supply of construction materials, high -class, smart and environmentally friendly furniture, meeting the actual needs of the people; contribute to changing the appearance of Phu My - Thuan An road and the area of Phu My commune, Phu Vang district; create motivation for socio -economic development of Thua Thien Hue province.
The project's land use area is expected to be approximately 23,935 m2; the maximum designed capacity of the total construction floor area is approximately 47,870 m2.
Regarding the expected scale of construction architecture, the project has a construction density of less than 40%; height of less than 5 floors. The project's operating period is 50 years from the date of the decision on land allocation and land lease.
Regarding the project implementation progress, regarding the progress of capital contribution and capital mobilization, immediately after the competent State agency approves the results of selecting investors to implement the project, the investor must ensure capital sources to implement the project, in which the investor's own capital is at least VND 101.2 billion (accounting for at least 20% of the total investment capital); other legally mobilized capital is at most VND 404.8 billion (accounting for at most 80% of the total investment capital, contributing capital according to the project implementation progress).
The basic construction progress and putting the project into operation or exploitation shall not exceed 24 months from the date of issuance of the construction permit. In particular, the project is expected to start construction in the first quarter of 2025; complete and put the entire project into operation in the first quarter of 2027.
According to Vice Chairman of Thua Thien Hue Provincial People's Committee Phan Quy Phuong, investors who are selected to implement the project must comply with the procedures related to the law on investment, land, construction, environment and current regulations; have financial capacity to ensure the land use according to the progress of the project. At the same time, the provincial People's Committee also assigned the Department of Planning and Investment to be the invitation to take care and organize the preparation and submission of the approval of the project to pay attention to the project; Notice of interest in the project as prescribed. Based on the results of evaluating the application for registration of business investment projects, the Department of Planning and Investment is submitted to the Provincial People's Committee for consideration and approval of the results of interest and organizing the selection of investors of this project.
Long An calls for investment in residential area project, capital of more than 11,222 billion VND
The Department of Planning and Investment of Long An Province is inviting investors to submit the application for registration of the residential project in My Hanh Bac commune, Duc Hoa district, Long An province.
The project has an area of land use about 214,9217 ha. The construction land area for the area of construction investment investors is expected to be 331,768.24 m2; For the area of the investor transfer the land use right to the construction of 465,484.41 m2. The population size is about 30,681 people.
 |
| The project is implemented in Duc Hoa district, Long An province. |
The project provides product lines of real estate transfer and sale of houses (construction, finishing facade); Selling and leasing social housing; Selling, leasing and trading service floor within the project area to implement the project in accordance with the approved plan.
Preliminary housing product structure, for townhouses: The investor will build the rough construction, complete the facade of 1,485 units in the adjacent residential lots belonging to the frontage subdivisions of routes N22, N27, N30, D6, D7 and provincial route 823B with an expected total land area of 159,369 m2; construction height of 4 floors; total construction floor area of about 599,085 m2. For the remaining 5,230 adjacent residential lots, the investor will transfer the land use rights to the people for construction, ensuring compliance with the detailed planning at a scale of 1/500 and the design has been appraised and approved.
For housing villas: Investors built raw, completed 46 units in the land lots in the villa belonging to the diverges of the D7 route with the estimated scale of the total land area of 8,101 m2; construction height of 4 floors; The total construction floor area is about 18,956 m2. For 252 plots of land in the remaining villa, investors transfer land use rights to people to build, ensure compliance with detailed planning of 1/500 scale and designed and approved design.
For social housing: Investors invest in social housing construction on 5 plots of land symbol CC-09, CC-10, CC-11, CC-12, CC-13 with the estimated scale of the total land area of 164,298 m2, 9 floors high; The total construction floor area is about 201,894.00 m2.
Preliminary total project implementation cost of nearly 7,030 billion dong; The cost of compensation, support and resettlement is more than VND 4,192 billion.
The project implementation progress is 6 years (expected from the first quarter of 2025 to the fourth quarter/2030) from the date of approval of investors.
Proposed $320 million railway safety improvement project
Project 2 Management Board has just sent a document to the Ministry of Transport to propose the project to improve the traffic safety of the railway using the borrowed loan.
The project has the goal of improving the safety of trains, reducing the annual maintenance and operation costs of the current crossroads after building a different intersection from the road; Remove the phenomenon of road congestion when there is a vessel.
 |
| Illustration photo. |
Based on the initial research results, Project Management Board 2 proposed that the project will invest in grade-separated intersections for 21 intersections between 4 railway lines (including the following routes: Hanoi - Ho Chi Minh City; Hanoi - Hai Phong; Yen Vien - Lao Cai and Hanoi - Dong Dang) with National Highways located in 13 provinces and cities across the country, stretching from North to South.
Specifically, for the Hanoi - Ho Chi Minh City railway line, it is expected to be deployed at 13 intersections (the type of intersection is a road crossing a railway), located in 8 provinces/cities including: Hanoi has 1 location, Thanh Hoa has 2 locations, Ha Tinh has 3 locations, Quang Binh has 2 locations, Phu Yen has 1 location, Khanh Hoa has 1 location, Binh Thuan has 1 location and Dong Nai has 2 locations,
For the Hanoi - Dong Dang railway line, it is expected to be deployed at 2 intersections (the type of intersection is a road crossing a railway), of which Bac Giang has 1 location and Lang Son has 1 location.
The Yen Vien - Lao Cai railway line is expected to have 5 intersections (the type of intersection is a road crossing a railway), of which Phu Tho has 3 locations and Lao Cai has 2 locations.
The Hanoi - Hai Phong railway has a intersection (the type of intersection is a railway road), located in the city. Hai Phong. This location is located on the branch connecting to the Hanoi - Hai Phong railway from the Way Station to the Cach Cach Port.
Due to the characteristics of the railway requirements small vertical slope and some other special specifications such as: GA, Railway signal information system, Safe running ship ... The plan, so the plan to build railway bridges to over -road roads will be very expensive and difficult, so the main option is proposed to build a road bridge to cross railway crossing.
The total investment for the Railway Traffic Safety Improvement Project is expected to be approximately VND8,148.59 billion, equivalent to approximately USD320.04 million, of which the two largest expenditures are construction costs of VND4,575 billion and contingency of VND1,786 billion.
The project is proposed to use ODA loan capital from the World Bank worth about 5,716.54 billion VND, equivalent to about 224.52 million USD to be used for the following items: construction costs; design consulting costs; construction supervision consulting costs; contingency costs for the above items.
Counterpart capital worth about VND 2,432.05 billion (equivalent to about USD 95.52 million) is used for the following items: project management costs, VAT, design consultancy, supervision, other consultancy and other costs; site clearance costs; contingency costs for the above items.
If approved by the competent authority, the Project will be implemented within 5 years after the Funding Agreement comes into effect (expected from 2025 to 2030).
Investing 8,981 billion VND to build Dau Giay - Tan Phu expressway phase 1
The Minister of Transport has just signed Decision No. 954/QD - BGTVT approving the investment project to build Dau Giay - Tan Phu Expressway (phase 1) by PPP method.
The project has a length of 60.24 km with the first point (km0+000) in the intersection area with Highway 1, connecting to Ho Chi Minh City - Long Thanh - Dau Giay highway, located in Dau Giay town, Thong Nhat district, Dong Nai province; End: At Km60+243.83 (at the end of the intersection with Highway 20), connected to the Tan Phu Expressway Construction Project (Dong Nai) - Bao Loc (Lam Dong), in Phu Trung commune, Tan Phu district, Dong Nai province.
 |
| Dau Giay Interchange – starting point of Dau Giay – Tan Phu Expressway. |
The entire length of the project route is located entirely in Thong Nhat, Xuan Loc, Dinh Quan and Tan Phu districts of Dong Nai province.
In the completion phase, the Dau Giay – Tan Phu expressway is a class 100 expressway, with a scale of 4 lanes, a cross-section of 24.75m, and a design speed of 100 km/h. In phase 1, the geometric elements (plan, longitudinal profile) of the route meet the standards of a class 100 expressway, with a scale of 4 lanes, and a roadbed width of 17m.
At locations where soft soil is treated, roadbeds are excavated, raised, within the scope of interchanges, emergency stops, and highway bridges, the cross-section is designed according to the scale of the completed phase with a roadbed width of 24.75m.
Within the scope of the Project, 5 interconnecting intersections will be arranged, of which phase 1 will invest in 4 intersections and plan 1 intersection.
Specifically, Dau Giay Interchange (Km0+000) connecting Ho Chi Minh City – Long Thanh – Dau Giay Expressway and National Highway 1 has been invested to complete the asterisk-shaped intersection; the scale of the intersection branches is from 1 to 2 lanes.
DT.763 Interchange (about Km16+500) connects the expressway with National Highway 20 and National Highway 1 via DT.763; the intersection is trumpet-shaped; the size of the intersection branches is from 1 to 2 lanes.
Cang Cang intersection (about km38+000) connects the highway with Highway 20, the center of Dinh Quan district and Duc Linh district, Binh Thuan; The form of trumpet intersection; The size of the intersection from 1-2 lanes. Tan Phu intersection (Km57+700) connects the highway with Highway 20, the center of Tan Phu district; The form of trumpet intersection; The size of the intersection from 1-2 lanes.
At the intersection with DT.770B (about Km10+400), a direct overpass will be invested in first; the investment to complete the interchange will be carried out at the appropriate time.
According to Decision No. 954, the Project will build 26 bridges on cross-roads crossing the highway and 4 bridges on the highway overpass branch; arrange 24 underpasses for people combined with some underpasses on the main route to meet the needs of connecting people on both sides of the highway.
In addition, the Project also builds about 31 km of service roads combined with a system of underpasses, overpasses, and existing roads to ensure traffic connection, limit impacts on the lives of residents on both sides of the route; the scale of rural roads is class B. For sections of the route that overlap with existing roads, the restoration road will be built at a scale equivalent to the current road.
The project invests in completing the system of equipment on the highway, intersection branches, route traffic control center, management software... to serve the management and exploitation of the highway to ensure smooth, safe, efficient, timely, convenient and environmentally friendly traffic.
The structure of the intelligent traffic management system includes the main components: camera surveillance system; vehicle detection system; variable information sign system; digital transmission system; radio information system; communication system; power supply system; route traffic management center; non-stop electronic toll collection system; vehicle load control facility.
The traffic management center is located in the Cao Cang intersection area (about km38+000). The toll collection system applies electronic toll collection technology, synchronously with the toll collection solution deployed on highways, ensuring economic and technical efficiency.
It is expected that a rest stop will be located at Km 40, with an area of about 3 hectares/side. The cost of site clearance for the rest stop is included in the total investment of the Project; the investment, business and exploitation plan for the rest stop will be implemented in accordance with the provisions of law.
The total land area occupied by the Project is about 378 hectares, of which Thong Nhat district is about 95 hectares; Dinh Quan district is about 156 hectares; Xuan Loc district is about 5 hectares; Tan Phu district is about 122 hectares.
With the above investment scale, the Project has a total investment of VND 8,981 billion, of which the capital mobilized by the investor is about VND 7,681.539 billion; State capital is about VND 1,300 billion, belonging to the Medium-term Public Investment Plan of State budget capital for the period 2021 - 2025 approved by the Prime Minister in Decision No. 1535/QD-TTg dated September 15, 2021.
With the state participating in about 20% of the total investment; the investor's profit rate is 11.77%/year, the loan interest rate is 9.47%/year, the starting fee applied to group 1 vehicles is 1,900 VND/km... The project has a payback period of 18 years, 2 months and 11 days.
The Ministry of Transport authorized the Vietnam Expressway Administration to be the contracting agency. The Thang Long Project Management Board was assigned as the inviting party.
The form of selecting investors for the Project is domestic open bidding. The time for organizing the selection of investors is from 2024 to 2025. In this Project, the mechanism for sharing increased and decreased revenue: implemented according to the provisions of Article 82 of the Law on Investment under the public-private partnership method and Decree No. 28/2021/ND-CP dated March 26, 2021 of the Government stipulating the financial management mechanism of investment projects under the PPP method.
The project when completed will meet the needs of transport, reduce loads and ensure traffic safety on Highway 20; Completed and put into synchronous exploitation of high -speed roads with high capacity, traffic safety and high speed on the transport corridor of Ho Chi Minh City - Dau Giay - Lien Khuong, promoting socio -economic development of Dong Nai province in particular and the Southeast region in general.
The project also creates a driving force for connection, promotes cooperation and development of the Southeast region with the Mekong Delta, the Central Highlands and the South Central region; increases the competitiveness of the economy in the context of deep integration, gradually perfects the road traffic network according to the plan; contributes to ensuring national defense and security.
Comment (0)