On the afternoon of June 12, the National Assembly listened to the Submission and Report on the appraisal of the investment policy for the Ho Chi Minh City Ring Road 4 Construction Investment Project.
The total investment of the project in phase 1 is more than 120,412 billion VND.
Presenting the proposal, Minister of Construction Tran Hong Minh said that the project started at the Toc Tien - Chau Pha intersection (the intersection with Bien Hoa - Vung Tau Expressway and Provincial Road DT.992).
The end point intersects with the North-South axis road in the Hiep Phuoc port area, Nha Be district, Ho Chi Minh City. The total length of the entire route is about 207.26km.
Regarding the investment scope, the total investment length is about 159.3km; including: the section through Ba Ria - Vung Tau province is about 18.2km long, the section through Dong Nai province is about 46km long.
The section through Ho Chi Minh City is about 20.5km long and the section through Long An province is about 74.5km long.
The section through Binh Duong province (about 47.9km long) has been approved by the People's Council of Binh Duong province for investment and is implementing independent investment.
The project passes through Ho Chi Minh City and the provinces of Ba Ria - Vung Tau, Dong Nai, Binh Duong, Long An.
The scale of investment in expressways, phase 1 (phase phase) with a scale of 4 expressway lanes, designed speed of 100km/h, roadbed width of 25.5m.
The investment phase is completed with a scale of 8 high-speed lanes. The total width of the roadbed (including highways and parallel roads) is 74.5m.
Preliminary land use demand is about 1,420 hectares, the form proposed by the Government is in the form of public investment for component projects of compensation, support, resettlement and construction of service roads and parallel roads.
Invest in PPP methods, BOT contracts for component projects investing in the construction of expressways.
The project is divided into 2 groups, including 10 component projects. The total preliminary investment in phase 1 of the project is more than VND 120,412 billion, of which the cost of compensation, support and resettlement is more than VND 41,090 billion.
State budget capital and investor capital to implement project investment, including: State budget capital is more than 69,780 billion VND, of which central budget capital is about more than 29,687 billion VND, local budget capital is about more than 40,092 billion VND. The investor's mobilized capital is more than VND 50,632 billion.
The Government also proposed construction from 2026 - 2029 (striving to complete by the end of 2028).
Proposing 7 specific and special mechanisms and policies
The Government proposes 7 specific mechanisms and policies for the project such as: Assigning the Chairman of the Ho Chi Minh City People's Committee and the Chairmen of the Provincial People's Committees (Long An, Dong Nai and Ba Ria Vung Tau) with the authority to decide on investment in component projects;
Procedures for implementing bid designation according to the provisions of the law on bidding;
Allowing the appointment of bidding packages for consulting, non-counseling, consulting on adjusting the planning for the project (including resettlement areas), bidding packages for compensation, resettlement support, construction of infrastructure for resettlement areas to serve site clearance;
The Government recommends that the project does not have to appraise capital sources and capital balance capabilities according to the provisions of the Law on Public Investment, the Law on Investment under the PPP method, etc.
Reviewing this content, Chairman of the Economic and Financial Committee Phan Van Mai highly agreed with the necessity of investing in the project to realize the Party's guidelines and orientations, the State's policies, creating a breakthrough in the development and modernization of transport infrastructure...
Regarding capital sources and the ability to balance capital, the Economic and Financial Committee proposes that the Government, based on the provisions of the Law on Public Investment and the current PPP Law, report on supplementing the appraisal of capital sources and the ability to balance capital for the Project.
Regarding the mechanism and policies for implementing the Project's investment, Mr. Mai said that Regulation No. 01-QC/TW dated July 28, 2021 of the Central Executive Committee, the Politburo and the Secretariat, term XIII, stipulates that important national projects must be reported to competent authorities before being submitted to the National Assembly. Therefore, the inspection agency recommends that the Government urgently report to competent authorities for consideration and comments according to regulations.
