On the morning of June 10, the National Assembly Standing Committee gave its opinion on the investment policy for the Ho Chi Minh City Ring Road 4 Construction Investment Project.
Reporting on the preliminary review of the investment policy of the above Project, Chairman of the National Assembly's Economic and Financial Committee (KTTC) Phan Van Mai said that the project meets the project criteria under the authority of the National Assembly to decide on the investment policy as prescribed in Clause 1, Article 12 of the Law on Investment under the public-private partnership (PPP) method.
Therefore, the Government's submission to the National Assembly for consideration and decision on the investment policy of the Project is in accordance with the provisions of law.
According to Mr. Phan Van Mai, the pre-feasibility study report and route direction of the Project show that some sections of the route have been adjusted compared to the approved plan.
Therefore, the KTTC Committee recommends that the drafting agency explain and analyze more clearly the advantages and disadvantages of each route plan to serve as a basis for choosing the optimal route, ensuring compliance with the terrain conditions and investment efficiency of the Project.
At the same time, carefully review and calculate the allocation of vehicle traffic volume on the entire route to arrange intersections in accordance with current regulations, to ensure safety during operation and reduce and optimize the total investment of the Project.
Regarding capital sources and capital balance capabilities, the Standing Committee of the KTTC Committee proposed that the Government, based on the provisions of the Law on Public Investment and the current PPP Law, report on supplementary appraisal of capital sources and capital balance capabilities.
Specific mechanisms and policies proposed for the Project
- Policy 1: Regarding mineral exploitation for common construction materials serving the Project.
- Policy 2: Assign 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) the authority to decide on investment in component projects.
- Policy 3: Regarding the order and procedures for establishing, appraising and deciding to adjust the investment policies of investment component projects under the PPP method.
- Policy 4: Regarding the selection of units to implement consulting and non-consulting packages and packages to serve site clearance work.
- Policy 5: Regarding the architectural design competition for urban bridges, grade II and above, and intersections
- Policy 6: Adjust the investment form in case the investor cannot be selected.
- Policy 7: Regarding the appraisal of capital sources and capital balance capability.
In addition, the Government proposed that the 47.95km section passing through Binh Duong province that is being implemented under a separate project will apply the mechanism of Policy 1, Policy 4 and Policy 6.
According to the KTTC Committee, there are opinions that the section through Binh Duong province, although part of the planning of Ho Chi Minh City Ring Road 4, is not within the scope of the Project, so the proposal of specific mechanisms and policies for this section is unreasonable.
However, there are other opinions that, to speed up the completion of the entire Ho Chi Minh City Ring Road 4 to promote investment efficiency, it is appropriate to allow the application of specific mechanisms and policies for the section passing through Binh Duong province.
According to the Government's Submission, the Ho Chi Minh City Ring Road 4 project starts at the Toc Tien - Chau Pha intersection (the intersection with Bien Hoa - Vung Tau Expressway and Provincial Road DT.992) and ends at the North - South axis in the Hiep Phuoc Port area, Nha Be District, Ho Chi Minh City. The total length of the entire route is about 207.26km.
Of which, the total investment length is about 159.31km, including: the section passing through Ba Ria - Vung Tau province is about 18.23km long; the section passing through Dong Nai province is about 46.08km long; the section passing through Ho Chi Minh City is about 20.5km long and the section passing through Long An province is about 74.5km long.
The section through Binh Duong province (about 47.95km long) has been approved by the People's Council of Binh Duong province for investment policy and is implementing independent investment.
The total preliminary investment of phase 1 (phase) of the project is about 120,412.55 billion VND.
