With 442/443 delegates participating in the vote in favor on the morning of June 27, the National Assembly officially approved the draft Resolution on adjusting the investment policy for the Bien Hoa - Vung Tau Expressway Construction Investment Project, Phase 1.
The total initial investment of the project is 21,551 billion VND, of which the state budget capital for the 2021-2025 period is 17,124 billion VND (central budget 12,144 billion VND, local budget 4,980 billion VND; of which: Dong Nai province 2,969 billion VND and Ho Chi Minh City 2,011 billion VND).
In addition, the central budget capital for the 2026-2030 period is 4,427 billion VND.
Chairman of the Economic and Financial Committee Phan Van Mai (Photo: National Assembly Media).
Previously, Chairman of the National Assembly's Economic and Financial Committee Phan Van Mai presented a report explaining, accepting and revising the draft, saying that the National Assembly Standing Committee agreed with many opinions of National Assembly deputies on the necessity of adjusting the project investment policy in order to soon complete and put the project into operation and exploitation to meet the needs of people and businesses, serving the socio-economic development of the localities where the project passes through.
Regarding the total investment increase of VND 3,714 billion, which some delegates said was very large, the Committee said that this increase is the difference between the proposed adjusted total investment and the preliminary total investment approved by the National Assembly in Resolution No. 59/2022/QH15.
In which, the preliminary adjusted total investment is determined for each component project based on the synthesis of actual implementation results and the preparation of estimates of some remaining unapproved costs according to the provisions of the law on construction.
Specifically, the costs of compensation, support and resettlement are summarized based on reports from localities for each component project, including: results of approval of compensation, support and resettlement plans for each household/organization; results of approval of cost estimates for technical infrastructure relocation; estimated remaining costs and contingency costs.
Bien Hoa Vung Tau Expressway.
Regarding construction investment costs, they are synthesized from the construction investment costs of three component projects according to current regulations, including: construction and equipment costs are synthesized from the results of approving estimates of construction and installation packages according to detailed unit prices announced by the locality.
For unapproved items (ITS smart traffic items, ETC non-stop toll stations, additional vehicle weighing stations, additional intersections with provincial road 991, they are determined based on preliminary design volume and reference to investment rates of similar projects that have been and are being implemented.
In addition, there are: project management costs, consulting costs and other costs that have been approved by investors for each cost item, so the approval results should be summarized to accurately estimate these costs; contingency costs for approved items are calculated at 5% to match the budgeting step, unapproved items are calculated at 10% according to regulations; updating contingency for price fluctuations according to actual disbursement progress and the average price index chain of Dong Nai and Ba Ria - Vung Tau provinces until 2024.
Bien Hoa - Vung Tau Expressway is invested with a total length of nearly 54km. The starting point is at the National Highway 1 bypass in Bien Hoa City, Dong Nai Province. The ending point is at National Highway 56 in Ba Ria City, Ba Ria - Vung Tau Province.
The project is divided into three component projects. Of which, component project 1 (Km 0+000 - Km 16+000) is 16km long in Dong Nai province, investing in a scale of four lanes.
Component project 2 (Km 16+000 - Km 34+200) is more than 18km long in Dong Nai province, investing in a scale of 4 - 6 lanes (depending on each section).
Component project 3 (Km 34+200 - Km 53+700) is 19.5km long and located in Ba Ria - Vung Tau province, with a scale of four lanes.
According to plan, the project will be basically completed in 2025 and put into synchronous operation in 2026.
Applying 7 special mechanisms and policies to build Ho Chi Minh City's Ring Road 4
The National Assembly passed a Resolution on investment policy for the Ho Chi Minh City Ring Road 4 construction investment project with the majority of delegates present in favor.
The National Assembly allows the project to apply 7 special mechanisms and policies, including policies such as: Regarding the exploitation of minerals as common construction materials for the project: during the project implementation period, the construction contractor does not have to carry out procedures for granting a license to exploit minerals as construction materials.
Allows for bidding for consulting, non-consulting, consulting packages for planning adjustment to serve the project (including resettlement areas), packages for compensation, resettlement support, and construction of infrastructure for resettlement areas to serve site clearance.
Ring Road 4 Project.
Allow bridges from grade II works and above and urban traffic intersections in the construction project of Ho Chi Minh City Ring Road 4 not to have to compete for architectural plans.
Allows projects to not have to appraise capital sources and capital balancing capabilities according to the provisions of the Law on Public Investment and the Law on Investment under the PPP method.
During the time the National Assembly is not in session, the National Assembly assigns the National Assembly Standing Committee to consider and decide on adjusting the project investment policy.
According to the Resolution, the investment project to build the 159.31km Ho Chi Minh City Ring Road 4 is divided into 10 component projects. The project applies advanced and modern technologies, ensuring requirements on safety, synchronization, quality and efficiency, encouraging the application of high technology in construction organization, adapting to climate change, implementing the form of non-stop electronic toll collection in exploitation and operation.
Preliminary land use demand of the project is about 1,421 hectares. Land acquisition, compensation, support, and resettlement will be carried out at one time according to the planning scale. Preliminary total investment of the project is about 120,413 billion VND, including about 29,688 billion VND from the central budget; about 40,093 billion VND from the local budget; capital mobilized by investors is about 50,632 billion VND.
The project is prepared for investment and implementation from 2025; the project will be completed and put into operation and exploitation in 2029. Component projects invested under the public-private partnership method, the Build-Operate-Transfer (BOT) contract type are applied with investment guarantee mechanism, revenue sharing mechanism according to the provisions of law on investment under the public-private partnership method.
In the report on receiving and revising the draft Resolution before the delegates voted to approve it, Chairman of the Economic and Financial Committee Phan Van Mai clarified the opinions suggesting that there should be a plan for a competition or selection of suitable bridge and intersection designs, avoiding the situation of uncompetitive and ineffective designation. Mr. Phan Van Mai said that organizing an architectural competition according to current regulations takes about 6-12 months, so it does not ensure the progress and urgent goals of the project.
In addition, the mechanism and policy on not having to compete for architectural plans has been allowed by the National Assembly to be applied to a number of important national projects in recent times, so the Government's proposal is appropriate.
The Ring Road 4 project has a design speed of 100km/h, a scale of 8 expressway lanes; total roadbed width (including expressway and parallel road) of 74.5m.
Phase 1, investment in 4-lane scale, design speed 100km/h, roadbed width 25.5m; investment in parallel roads, service roads on both sides of the expressway at locations through residential areas and urban areas.
The completed investment phase has a scale of 8 expressway lanes, total roadbed width of 74.5m; synchronous investment in parallel roads with a minimum scale of two lanes.
Source: https://vtcnews.vn/quoc-hoi-dong-y-tang-hon-3-700-ty-dong-dau-tu-cao-toc-bien-hoa-vung-tau-ar951298.html
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